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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.”  


Inside The Story

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About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 13-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types as well as delving into broader subject matter. He produces 15-20 daily news stories per day and also works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications.

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