In a press release, the company said all 198 employees will be paid a bonus exclusively based on years of service, "with the average employee receiving United States dollars $50,000".
The bonuses were handed out based on how long the employees were working at the organization, and the biggest amount paid was a massive $270,000.
So as a means of honoring the milestone, company founder Edward St. John surprised his workforce with a very special gift during their annual holiday party in Salt Lake City, Utah.
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A video of the announcement shows employees holding red envelopes, opening them up to learn their share of the $10 million bonus.
What prompted this hefty bonus was the company's goal back in 2005 to double the size of its portfolio from 10 million square feet to 20 million square feet, according to Maykrantz.
Company founder Edward St. John that he realised that the company wanted to reward their employees in a big way, that would make a significant impact on their lives. "I heard over and over again that night that this was a life-changing event".
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"It was truly one of the most awesome things I've ever witnessed in my life".
"I steer the boat but they're the ones who run the boat", St. John said in the video. They are the foundation and the reason behind the success of our company. "Without the team, we are nothing-absolutely nothing".
"We're a growing company", said Maykrantz.
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"Then they all stormed forward to the podium and over the next hour they shook our hands and told us what they were going to use the money for", he said.