NEW YORK, NY / ACCESSWIRE / June 17, 2021 / Helping people is an opportunity that many of us expect from our jobs. It’s ultimately satisfying to know that we’ve made a difference in someone else’s life, no matter how small. However, few of us go home feeling that we have made a difference to others.
Real estate is no exception to this. While many real estate agents help people find a nice home or property to live in, it can sometimes feel hollow and projects can come at the expense of communities being built. The team at McClendon Capital Group tries to change that by focusing on people and communities in the real estate equation.
With a focus on housing development primarily in the Midwest, McClendon Capital Group, LLC specializes in new construction of affordable housing in high demand neighborhoods. Specifically, this company offers a variety of services including site identification, back-of-envelope analysis (BOTE), comprehensive feasibility modeling, and project management. And if that wasn’t enough, they also secure permanent funding and fundraising resources.
The McClendon Capital Group, LLC team quickly learned that real estate can be heavily focused on individuals consumed for the sole purpose of making money regardless of the communities that are affected by their decisions. McClendon Capital Group has always been about helping people, so they found niches that would bridge the gap between doing good for others and making a living, also known as the triple bottom line.
Through trial and error, the team was directed to real estate development using the low income housing tax credits and the assisted living business. This allows the MCG to give back to communities that would normally displace long-term residents with increased property taxes and higher rents due to new developments in these areas.
The founder of McClendon Capital Group and its namesake, Cory McClendon, were born and raised in a family that didn’t have much money, but was happy to be reunited nonetheless. This is the inspiration behind his methodology for real estate; he knows the good that can come out of developing new projects, but also how disruptive those projects can be, so he designed a business that would do something different.
“I come from a home that was rich in love but not necessarily rich in money or property. I was taught from an early age that family is the most important thing in your life, but no one taught me the importance of investing and managing your money. Growing up in a low income household in an impoverished community, I saw the importance and the need for quality structures in the affordable housing sector ”, Cory explains.
With a goal that motivates them, the MCG team has big plans planned for the rest of the year, including a few projects with a total cost close to $ 95 million. These projects will provide more than 400 mixed-income housing units in highly desirable neighborhoods.
To learn more about McClendon Capital Group, LLC, you can visit their website here.
SOURCE: McClendon Capital Group, LLC
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