4. UrbanAmerica L.P. - Black Enterprise

4. UrbanAmerica L.P.

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.