Type | Private |
---|---|
Founder | Dan Gilbert |
Headquarters | , United States |
Key people | |
Revenue | $6.7 billion (2019) [1] |
Owner | Dan Gilbert of which the parent company Quicken Loans controls it as a holding in which the parent company is owned by Rocket Companies |
Number of employees | Over 30,000 (2019) [1] |
Subsidiaries | Amrock, Jack Entertainment |
Website | www |
Rock Ventures LLC is the holding company for businessman Dan Gilbert's portfolio of companies, investments, and real estate. It is based in Detroit, Michigan and is also engaged in community development in both Detroit and Cleveland, Ohio. [2] Its over 110 affiliated companies include the Cleveland Cavaliers, Hollywood Casino at Greektown, and Rocket Mortgage.
Rock Ventures was founded by Dan Gilbert. [3] [4]
Rock Ventures is the parent company of more than 110 companies. [2]
Based around Rocket Mortgage, Rock Ventures owns a number of complementary financial service companies, including: [5]
Developed under Jack Entertainment, Rock Ventures holds ownership stake in number of gaming ventures, including: [6] [7]
Rock Ventures has invested in a number of companies, primarily in Detroit and Cleveland areas, including: [8] [9]
Rock Ventures owns a number of real estate investment, development, and service companies, including: [10]
Rock Ventures owns, or is the majority owner of, a number of sports companies, including: [13] [14]
Rock Ventures is an owner of a number of technology companies, including: [16]
Rock Ventures is an owner of over 75 real estate properties, primarily in Detroit, including: [17] [18] [19]
Rock Ventures is engaged in community development, philanthropy, and government relations in both Detroit, Michigan and Cleveland, Ohio. [2] [4] [20]
The Cleveland Cavaliers are an American professional basketball team based in Cleveland. The Cavaliers compete in the National Basketball Association (NBA) as a member of the league's Eastern Conference Central Division. The team began play as an expansion team in 1970, along with the Portland Trail Blazers and Buffalo Braves. Home games were first held at Cleveland Arena from 1970 to 1974, followed by the Richfield Coliseum from 1974 to 1994. Since 1994, the Cavs have played home games at Rocket Mortgage FieldHouse in downtown Cleveland, which is shared with the Cleveland Monsters of the American Hockey League. Dan Gilbert has owned the team since March 2005.
Rocket Mortgage FieldHouse is a multi-purpose arena in Cleveland, Ohio. The building is the home of the Cleveland Cavaliers of the National Basketball Association (NBA) and the Cleveland Monsters of the American Hockey League (AHL). It also serves as a secondary arena for Cleveland State Vikings men's and women's basketball.
The Gateway Sports and Entertainment Complex is an entertainment complex located in downtown Cleveland, Ohio. It opened in 1994 and is owned by the city of Cleveland and Cuyahoga County and is managed by the Gateway Economic Development Corporation, a non-profit group with board members who are appointed by county and city leaders.
Hollywood Casino at Greektown, formerly Greektown Casino-Hotel, is a casino hotel in the Greektown neighborhood in Detroit, Michigan. It is owned by Vici Properties and operated by Penn Entertainment.
Jack Thistledown Racino is a thoroughbred race track and casino in North Randall, Ohio, at the outskirts of the city of Cleveland. It is owned by Vici Properties and operated by Jack Entertainment.
Daniel Gilbert is an American billionaire, businessman, and philanthropist. He is the co-founder and majority owner of Rocket Mortgage, founder of Rock Ventures, and owner of the National Basketball Association's Cleveland Cavaliers. Gilbert owns several sports franchises, including the American Hockey League's Cleveland Monsters, and the NBA G League's Cleveland Charge. He operates the Rocket Mortgage FieldHouse in Cleveland, Ohio, home to the Cavaliers and Monsters. As of January 2023, Forbes estimated his net worth at US$18.3 billion.
Rocket Mortgage, LLC is a mortgage loan provider. It is headquartered in the One Campus Martius building in the financial district of Downtown Detroit, Michigan. In January 2018, the company became the largest overall retail lender in the U.S.. Unlike other large mortgage lenders that depend on deposits, Rocket Mortgage relies on wholesale funding to make its loans and uses online applications rather than a branch system. Amrock and One Reverse Mortgage are also part of the Rocket Mortgage Family of Companies. The company closed more than $400 billion of mortgage volume across all 50 states from 2013 through 2017.
One Woodward Avenue, formerly known as the Michigan Consolidated Gas Company Building, is a class-A office skyscraper in Downtown Detroit, Michigan. Located next to the city's Civic Center and Financial District, it overlooks the International Riverfront and was designed to blend with the City-County Building across Woodward Avenue, Huntington Place, and the former Ford Auditorium to the south.
1001 Woodward is a 25-floor office building in Downtown Detroit, Michigan. It replaced the Majestic Building, a 14-story high rise on the same site. The building is located just south of the neighboring David Stott Building, at the corner of Woodward Avenue and Michigan Avenue overlooking Campus Martius Park. Constructed from 1963 to 1965, the building is designed in the International Style. It was listed on the National Register of Historic Places in 2013.
One Campus Martius is a building located in downtown Detroit, Michigan. It began construction in 2000 and was finished in 2003. It has seventeen floors in total, fifteen above-ground, and two below-ground, and has 1,088,000 square feet (100,000 m2) of office space. The high-rise was built as an office building with a restaurant, retail units, space for Compuware and a fitness center, as well as an atrium. The building now has Rocket Mortgage, Microsoft, Meridian Health, Plante Moran and Compuware as its major tenants.
Downtown Detroit is the central business district and a residential area of the city of Detroit, Michigan, United States. Locally, downtown tends to refer to the 1.4 square mile region bordered by M-10 to the west, Interstate 75 to the north, I-375 to the east, and the Detroit River to the south. Although, it may also refer to the Greater Downtown area, a 7.2 square mile region that includes surrounding neighborhoods such as Midtown, Corktown, Rivertown, and Woodbridge.
The Albert Kahn Building, formerly New Center Building, is an office building located at 7430 Second Avenue in the New Center area of Detroit, Michigan completed in 1931. The building was listed on the National Register of Historic Places in 1980.
Jack Cleveland Casino is a casino in downtown Cleveland, Ohio, owned by Vici Properties and operated by Jack Entertainment.
Hard Rock Casino Cincinnati is a casino in Cincinnati, Ohio, owned by Vici Properties and operated by Hard Rock International. It opened in 2013.
Rapid Finance is a technology-powered financial services company that provides working capital to small and mid-sized businesses in the United States. As a sister company of Rocket Mortgage, it offers small and medium business loan programs for business owners in a variety of industries and categories. With over US$1 billion funded, it is the 4th largest online small business lender in the United States. The company claims that no single business category accounts for more than 25% of its revenues.
Jack Entertainment is a gaming, hospitality, and entertainment company based in Cleveland, Ohio. The company operates two gaming facilities in Ohio, Jack Cleveland Casino and Jack Thistledown Racino.
MGM Growth Properties LLC (MGP) was a real estate investment trust based in Summerlin South, Nevada, that invested in large-scale casino properties. The company had whole or majority ownership of 15 properties, all of which were operated by MGM Resorts International. The company leased the properties to MGM Resorts via triple-net leases. The company was acquired by Vici Properties in April 2022 for $17.2 billion.
Vici Properties Inc. is a real estate investment trust (REIT) specializing in casino properties, based in New York City. It was formed in 2017 as a spin-off from Caesars Entertainment Corporation as part of its bankruptcy reorganization. It owns 48 casinos, hotels, and racetracks and 4 golf courses around the United States and Canada.
Jay Farner is an American businessman and investor. He is the chief executive officer of Detroit-based mortgage-lending companies Quicken Loans, Rocket Mortgage, and Rocket Companies.
Edi Demaj is a Kosovan-American serial entrepreneur based in the Detroit metropolitan area. He is best known for being involved in the development of Detroit as technology hub by founding a number of technology companies, including Rocket Fiber, a high speed ISP, and KODE Labs, a company providing cloud-based building automation software.