Richmond McCoy

Mr. Richmond S. McCoy is a nationally recognized real estate executive with over 30 years of diverse real estate transaction-development and asset management experience. He has consummated more than $6 billion in transactions and operates internationally. Richmond has invested in housing, office, retail and hospitality. Richmond is leading UrbanAmerica's efforts as part of the general partnership in the Master Planned city of Finningley in Durban, South Africa. It is a vast project with over 66 thousand acres and is valued at over 9 billion US dollars upon completion. __________________________________________________________________________________________ Richmond McCoy is the President & CEO of UrbanAmerica Advisors and UrbanAmerica Principals III. As affiliated entities, UrbanAmerica Advisors and UrbanAmerica Principals III (collectively "UrbanAmerica") are the successor entities to UrbanAmerica, LP, a minority controlled real estate investment advisor, launched in 1998, currently with $700 million in real estate assets under management having raised 780 million dollars in institutional capital within the last 16 years. UrbanAmerica specializes in assets located in urban centers, as well as properties located in top metro areas nationwide. Most recently UrbanAmerica Advisors formed a partnership with Renaissance Downtowns in the $2 Billion Dollar Master Plan Development of downtown Hempstead, NY, where they have attained Master Developer designation from the city. UrbanAmerica was founded in 1998 as one of the first real estate companies to focus on acquiring and developing commercial real estate in communities of diversity in major metropolitan markets nationally on behalf of the country's leading institutional investors. As a result of concentrating its efforts on urban markets, the company has acquired over $2 billion of real estate while providing market rate returns for its investors and creating more than 27,000 jobs for residents of low income communities in which the Company has invested. UrbanAmerica's notable list of investors includes the nation's largest public and private pension funds and the top banks and insurance companies. Mr. McCoy has formed partnerships throughout his career with many of the national leading real estate companies including the Fisher Brothers of New York City, Jones Lang LaSalle of Chicago, and Behringer Harvard of Dallas. The company's current focus includes (NMTC) New Market Tax Credits, Bulk sale of distressed debt, and development management of master planned communities. ________________________________________________________________________ Prior to assuming leadership at UrbanAmerica LP, McCoy was Founding Partner and Principal of three other firms specializing in real estate brokerage, asset management and development. Mr. McCoy has forged many ongoing partnerships with numerous faith based and community development organizations nationwide. Mr. McCoy has led efforts in working with the US Treasury in the CDFI Fund to deploy $267 Million dollars' worth of tax credits within the last 8 years. Mr. McCoy is a frequent expert panelist for the public and private pension fund industry as well as speaking as an economic development/CRA Compliance issues the federal regulators compliance matters for US based banks including serving as a panelist for the Federal Reserve Bank. He also is a speaker in urban market conferences such as: Information Management Network (IMN), Pension Real Estate Association (PREA), Opal Financial, National Association of Realtors and Novagradac New Markets Tax Credits. ________________________________________________________________________ Mr. McCoy attended Fordham University in New York City. Mr. McCoy is the recipient of an Honorary Doctorate of Humane Letters from Destiny Bible College in Tampa, Florida in recognition of his extensive contribution to religious organizations in the area of real estate and finance. During the course of his career, Mr. McCoy has been recognized by many organizations for his exemplary achievements and leadership: Developer of the Year - Hilton Worldwide Diversity Executive of the Year - Commercial Property Executive National Brotherhood & Sisterhood Award -National Conference of Christian & Jews Real Estate & Construction Industry Group Supplier of the Year - Chase Manhattan Bank Business Executive of the Year - Urban Bankers' Coalition Heritage Awards, Daughters of Rizpah, Brooklyn, NY One Hundred Black Men, Inc. Award for Outstanding Achievement in Business ________________________________________________________________________ Vice-Chairman of Membership, Real Estate Executive Council (REEC) Board Member, New Markets Tax Credit Coalition (NMTCC) Board Member, The Real Estate Council of Dallas Member, Pension Real Estate Association (PREA) Member, The Marathon Club (TMC) Member, Real Estate Board of New York (REBNY) Member, International Council of Shopping Centers (ICSC) Member, National Association of Black Hotel Owners, Operators & Developers (NABHOOD) Member, National Black MBA Association, Inc. Member, ONE HUNDRED BLACK MEN, Inc. (where he has served as a board member) Associate, National Association of Housing & Redevelopment Officials (NARO) Director of Operations for Innovative Housing Solutions (a nonprofit) ________________________________________________________________________ Richmond McCoy holds a New York Real Estate Broker's License. _______________________________________________________________________ Featured in Fortune Magazine cover article: "The New Black Power", August 1997 Featured on CNN's Pinnacle Program, January 1998 Pensions & Investments Magazine cover article Institutional Real Estate Newsline cover article Featured on MSNBC as a guest expert on the Mortgage Industry Regularly featured on Fox Business News as a guest expert on the economy and urban markets Featured on CNN International as a guest expert on the economy Professional Entrepreneurial Timeline Richmond McCoy Entrepreneurial Timeline - 35 Year History of Business ideas, leadership and execution Inspired by the leadership of his father, James McCoy who invested and managed real estate in Harlem, NY in the 1950's and 60's. 1981 - Twenty years later in the 80's, Richmond start a career in real estate representing office tenants relocating their premises in the NY York market joining a small boutique firm, Douglas A. Edwards, Inc. located in Midtown, where he worked for 3 years under the tutelage of it's Armenian owner, Antreas Ghazzrioan. 1984 Joined forces with British partners Richard Sykes and Patrick Gardner and co-founded a tenant representation company; Richard Sykes and Partners. They serviced the needs of UK based companies expanding in the United States. Richmond developed methodologies to evaluate and transact highly complicated transactions that expanded the firms services beyond New York and throughout the nation. 1987 - McCoy was pivotal in encouraging Richard Skyes and Partners to sale the firm to a publicly traded UK firm of Baker Harris Saunders, a property leasing and Management Company who wanted to expand their footprint and enter the US real estate market. McCoy remained with the firm as Managing Director for three years before starting his own firm. 1991 - Richmond McCoy started the RMC Group, a Minority Owned Business (MBE) in New York City. The nationwide firm focused on tenant representation and quickly secured corporate clients, Time Warner and Pitney Bowes. 1994 -McCoy Realty Group was formed in partnership with the family of the late Howard Gittis, partner of Ron Perlman to enable the McCoy Reality Group to expand its series to include property and facility management; thereby increasing its capacity to service to large property owners such as Chase Bank, ATT and TIAA, GE and Disney. RMC Group earned a reputation of providing turn around serves for its clients with troubled assets which thrust it's footprint to a national scale. 1997 - McCoy Realty Group was operating on a national basis, had a partnership with Jones Lang Lasalle of Chicago and had grown to over 3 million sq. feet under management and over 100 employees. The firm also provided pro bono work to faith based and non-profits in low income urban markets and garnered positive public relations coverage for its work. 1997 was a game changing year, Richmond McCoy was featured on a 30 minute program, Pinnacle on CNN and also pinned for the historical cover The New Black Power on Fortune Magazine along with other affluent, successful and influential African Americans. Some of the others included on the cover were Magic Johnson, Bill Lewis of Morgan Stanley, John Untendahl Capital Partners, now Vice Chairman at Deutsche Bank. 1998 - A historical partnership was formed with John Utendahl, the late Joe Flom of Skadden Arps who formed Urban America LP. In addition, founding investors were Dick Parsons, CEO of Citi Corp and Time Warner, Kenneth Chenault, Chairman and CEO of American Express. 1999 - An Equity raise of $120 million for Fund I from banks, insurance companies and high net worth individuals. UALP invested in 28 properties in low and moderate income markets totaling $350 Million in assets under management in cities including Washington DC, Philadelphia, Tampa and West Palm Beach, FL. 2003 - An Equity raise of $400 million for Fund II from the famed New York family, The Fisher Brothers who brought the development expertise. Additional investors included many of Fund 1 investors and some of the nation's largest pension funds. 2005 - UA is designated a CDE and receives its first NMTC Award from eh US Treasuries CDFI fund and during a six year period lead the industry top ten percent of allocates deploying the NMTC into commercial projects creating thousands of jobs in LMI areas. 2006 - UA partners with the Village of Hempstead and later in 2010 with the Rennaissance Downtown to create a master plan community on 130 acres in Nassau County, 30 miles east of New York City. Fully built it will be a multigenerational $2B thriving mixed used work, live, play enclave. 2009 - UA formed a JV with Bheringer Harvard, a Dallas based, $10B real estate firm who launched a series of non-traded REITs. The partnership offered UA a back office platform and potential for a new equity raising platform. 2015 -McCoy acquired all UA interest from Bheringer Harvard. UA repositioned its efforts to focus on the product side of real estate and strengthen its footing in the New Market Tax Credit arena expanding its alliances with Chase, US Bank, and Twain and UA focused on creating Live, Work and Play master planned communities as well as mixed use housing, retail and hospitality development projects. UA entered an international partnership to build a 66,000 master plan city in Durban South Africa, Finningley. 2016 McCoy acquired a major interest in a Pittsburg based Section3 HUD specialized national firm whose mission is to assist large national construction and professional services companies that utilize monies to build and service real estate and infrastructure projects. The new entity was UrbanAmerica Platform Partners, LLC and will be implementing a disruptive business model whose objective is to create a long term transformation of mixed use housing in partnership with HUD in the creation of master planned communities and the Residents of HUD sponsored and funded projects. It encompasses and innovative approach with an institutional infrastructure, designed for fiscal security, compliance and maximum community impact.