Founded by John O. Utendahl and Richmond McCoy in 1998, UrbanAmerica L.P., is a leading property investor focused on urban real estate development. UrbanAmerica is an affiliate of the Utendahl Group—the nation’s largest minority-owned and managed investment organization.
Under McCoy’s leadership, the New York City-based firm managed $1.1 billion in capital under management — up 115% from the previous year.
In December 2008, Rubicon America Trust of Australia sold 13 commercial properties and one distribution in cities across the U.S. to UrbanAmerica for $485 million — the single largest acquisition in the firm’s history.
Exclusively leased to U.S. government agencies, the 3.1 million-square-foot spaces are located in San Diego, the District of Columbia, Boston, Philadelphia, and Houston, among others.