McCann and its principals have decades of experience and a strong track record in the apartment industry. Headquartered in Richmond, Virginia, McCann teams with institutional capital sources to acquire, develop, construct and operate apartment communities in the Southeast, Southwest, and Mid-Atlantic regions. Our goal is to utilize our team of investment professionals to acquire fundamentally sound multifamily assets in markets where we see future economic growth and opportunities to improve the value of assets.
John P. McCann, D. Fleet Wallace and W. Brand Inlow form McCann Realty Partners, LLC. The three partners were former colleagues at UDR, Inc., a NYSE-listed REIT, where John McCann served as CEO for 27 years. Fleet Wallace was corporate counsel and assistant secretary at UDR and Brand Inlow was assistant vice-president and senior acquisition analyst. UDR is often cited as the prototype for the modern real estate investment trust.
McCann Partners with the Silver Companies to form Silver-McCann Apartment Group, a $111 million apartment fund, and acquires 7 multifamily communities (1,593 units) in Atlanta, Indianapolis and Raleigh.
McCann acquires its 10th multifamily community – Shiloh Valley Overlook Apartments, 300 units in Atlanta, GA
McCann launches its development platform, with Mark E. Wood joining McCann as Director of Development and Richard (Dick) G. Clifford joining McCann as Director of Construction.
McCann breaks ground on its first development project – Discovery at Mandolin, a 260-unit development in Houston, TX
McCann Partners with the Silver Companies to form Silver-McCann Apartment Group II, a $154 million apartment fund, and acquires 5 multifamily communities (1,596 units) in Atlanta, Dallas and Houston.
McCann acquires its 20th multifamily community – Villas at Valley Ranch, 312 units in Houston, TX.
Matthew T. Akin joins the company as a Partner and its President to lead the day to day operations of the company. Mr. Akin comes to McCann from UDR, Inc., where he previously worked with the founding partners of McCann and where he led the acquisitions and disposition departments in over $8.5 billion in transactions in 40 markets across the country.
McCann breaks ground on its 5th development project – Retreat at Shadow Creek Ranch, a 370-unit development in Houston, TX
R. Thomas Upson joins McCann as Vice President of Asset Management and will go on to become Principal and Managing Director leading McCann’s acquisition efforts. Prior to joining McCann, Mr. Upson worked at ONEX Real Estate Partners and Bank of America Merrill Lynch in their real estate investment banking group.
McCann’s portfolio eclipses 6,000 units under management
John P. McCann, founding partner, retires from daily involvement in McCann Realty Partners, but remains Chairman Emeritus.
Brand Inlow, founding partner, retires.
McCann acquires its 30th multifamily community – Springfield Apartments, 288 units in Durham, NC.
McCann breaks ground on its 10th development project – Retreat at Wolf Ranch, a 303-unit development in Austin, TX
John P. McCann, co-founder and Chairman Emeritus, passes away in January 2018.
McCann breaks ground on its latest development project community – Radius West, a 361-unit development in Houston, TX.
McCann reaches 10,000 total units acquired since inception and surpasses $2.3 billion in transaction value.
Mr. McCann retired as Chairman of the Board and Chief Executive Officer of United Dominion Realty Trust, Inc., in March 2001. Mr. McCann headed United Dominion, a NYSE-listed REIT located in Richmond, Virginia, as CEO for 27 years. As CEO, he oversaw United Dominion's growth from $3 million in real estate investments in Virginia and three employees to more than $4 billion of apartments nationally and 2,500 employees at the time of his retirement. The company is often cited as the prototype for the modern real estate investment trust, a national, property-specific operating company with the investment capability to acquire and renovate and develop.
Mr. McCann was a long time member of the Board of Directors of the National Multi-Housing Council, a trade association of large apartment owners, and chaired its Legislative and Tax Committee. He was also a member of the Urban Land Institute and served as Chairman of the Board of Commissioners of the Virginia Housing Development Authority, the Virginia state housing finance agency. Mr. McCann was on the Board of Directors of Storage USA until its merger with Security Capital Group in 2002.