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Carthage, Urban American Form Development JV
Carthage Real Estate Advisors and Urban American Management have formed a joint venture which will focus on addressing the need for more racial equity in the development and management of multifamily housing across the country. The two New York-based firms will combine their experience and strengths to create a platform for the development and redevelopment of affordable, mixed-income, workforce, and veteran housing in the United States.
Both privately-owned firms have extensive track records in building and operating multifamily and mixed-use properties throughout the New York Tri-State area. Urban American also owns residential and mixed-use properties in Texas and Colorado.
“There is a need for racially equitable workforce housing throughout the country,” said Carthage founder Edward Poteat. “Putting together a program with Urban American is a perfect complement to the ideals of Carthage and I believe the projects we will build together will be game-changers in the affordable housing space.”
- ◦Development
