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.
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.