UrbanAmerica, LP
UrbanAmerica, LP was co-founded by our CEO, Richmond McCoy in 1998. UrbanAmerica Advisors was formed through the partnership of UrbanAmerica, already an established leader in institutional urban real estate investment, and Behringer Harvard, a commercial real estate investment firm with a multi-billion dollar global platform. UrbanAmerica Advisors can draw from a comprehensive infrastructure and an extensive pool of knowledge in compliance, accounting, market research, acquisitions, asset management, dispositions, and restructuring.
UrbanAmerica Principals III, LLC
UrbanAmerica Principals III, LLC is a registered minority-owned real estate investment advisor that focuses on acquiring and developing commercial properties in domestic urban markets. UrbanAmerica Prinicpals, III acts as the operational arm of the company by implementing all New Market Tax Credit activities, from negotiating transactions through performing compliance.
As a federally-certified Community Development Entity, UA, LLC has direct access to a government-enhanced financing platform. UrbanAmerica Prinicpals, III acts on behalf of UA, LLC to direct and implement all New Markets Tax Credit activities, from acquisition through disposition. The company has a proven track record in the revitalization of urban centers through investment of institutional capital into underserved urban markets with strong underlying real estate fundamentals..
Investing in the Community—Creating Jobs
UrbanAmerica Advisors saw the potential of investing in urban real estate and pursued their vision of renewing and redeveloping neglected metropolitan districts across the U.S. A secondary benefit of this investment strategy is the positive effect it has on the urban communities it touches—stimulating low-income economies by increasing tax-base revenue and creating jobs.
Bringing goods and services to emerging domestic markets, while providing market-based returns to investors is the vision UrbanAmerica Advisors was founded on. This philosophy, once seen as risky, is now being embraced by many institutional investors.
Since 2005, more than $197 million in New Market Tax Credits have been received through a competitive national application process. The company has provided structured equity and mezzanine debt financing for the redevelopment of more than 1.1 million square feet of office, retail, and mixed-used space–creating more than 6,100 temporary and permanent jobs in low to moderate income communities.