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Richmond McCoy

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Information about Richmond McCoy

Profile image of Richmond McCoy

Profession

Category:
BusinessMakers
Occupation(s):
Private Equity Chief Executive

Favorites

Favorite Color:
Blue
Favorite Food:
Corn
Favorite Time of Year:
Spring
Favorite Vacation Spot:
Caribbean
Favorite Quote:
How do you like me now?

Birthplace

Born:
11/27/1954
Birth Location:
Peekskill, New York

Profession

Category:
BusinessMakers
Occupation(s):
Private Equity Chief Executive

Favorites

Favorite Color:
Blue
Favorite Food:
Corn
Favorite Time of Year:
Spring
Favorite Vacation Spot:
Caribbean
Favorite Quote:
How do you like me now?

Birthplace

Born:
11/27/1954
Birth Location:
Peekskill
See how Richmond McCoy is related to other HistoryMakers

Biography

Prominent real estate executive Richmond McCoy was born to a large family in 1954, in upstate New York, and grew up in a rural area where his parents owned a dairy farm. His father also owned several apartment buildings in Harlem, and young Richmond often accompanied him to collect rent, sewing the seeds of his interest in real estate early on. When he was a teenager, McCoy's father died suddenly leaving his mother and his siblings to fend for themselves. After graduating from high school, McCoy left for the West Coast where he sold encyclopedias.

After returning to New York and pursuing sales and other opportunities, McCoy decided to pursue a career in commercial real estate obtaining his license in 1979. In 1984, McCoy embarked on his first entrepreneurial venture when he became one of the founding partners of Richard Sykes & Partners. There, McCoy widened his base of knowledge by doing transactions throughout the United States. In 1991, seeing a possible niche, McCoy set up his own firm, the R.M.C. Group, to provide corporate real estate services to major companies that wanted to work with minority-owned enterprises. By 1993, McCoy's business had expanded and he created the McCoy Realty Group, to provide asset management services to pension funds and large financial institutions such as Pitney-Bowes, Chase Manhattan Bank and the Teachers Insurance and Annuity Association, the world's largest privately managed pension fund.

By the mid-1990s McCoy saw a growing need for real estate and institutional asset management in African American communities and the not-for-profit sector. He attempted to fulfill these needs with the founding of UrbanAmerica. As President and chief executive officer, McCoy has seen UrbanAmerica grow tremendously. Some of its projects have included shopping malls in Florida, medical offices in Las Vegas, and police precincts in Maryland.

McCoy is a rising star in black business today having been profiled by Fortune, U.S. News & World Report, Black Enterprise, Time and the Wall Street Journal. In addition, he is the recipient of numerous awards and an honorary degree.

See how Richmond McCoy is related to other HistoryMakers
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  • Tape: 1 Story: 1 - Slating of Richmond McCoy interview
  • Tape: 1 Story: 2 - Richmond McCoy's favorites
  • Tape: 1 Story: 3 - Richmond McCoy discusses his mother's background
  • Tape: 1 Story: 4 - Richmond McCoy discusses his father's background
  • Tape: 1 Story: 5 - Richmond McCoy explains how his parents met
  • Tape: 1 Story: 6 - Richmond McCoy lists his siblings and explains his father's choice to move out of the city
  • Tape: 1 Story: 7 - Richmond McCoy recalls growing up on a farm in upstate New York
  • Tape: 1 Story: 8 - Richmond McCoy shares childhood memories of racism at school
  • Tape: 1 Story: 9 - Richmond McCoy recalls his elementary school years
  • Tape: 1 Story: 10 - Richmond McCoy discusses his father's terminal illness and its effect on the family
  • Tape: 2 Story: 1 - Richmond McCoy considers race matters
  • Tape: 2 Story: 2 - Richmond McCoy discusses his father's death when he was thirteen
  • Tape: 2 Story: 3 - Richmond McCoy remembers father figures in his life after his own father's death
  • Tape: 2 Story: 4 - Richmond McCoy describes his interests as a youth
  • Tape: 2 Story: 5 - Richmond McCoy talks about his middle and high schools, with a tiny black minority
  • Tape: 2 Story: 6 - Richmond McCoy meets with success selling encylopedias after high school
  • Tape: 2 Story: 7 - Richmond McCoy shares lessons in motivation and marketing from his first job in sales
  • Tape: 2 Story: 8 - Richmond McCoy recalls his experience living in Canada
  • Tape: 2 Story: 9 - Richmond McCoy discusses the road to a career in real estate
  • Tape: 2 Story: 10 - Richmond McCoy describes his real estate endeavors
  • Tape: 3 Story: 1 - Richmond McCoy discusses the evolution of his business platform and his work for faith-based not-for-profit organizations
  • Tape: 3 Story: 2 - Richmond McCoy recounts an instance of racism in the business world
  • Tape: 3 Story: 3 - Richmond McCoy discusses the development of his company, UrbanAmerica, L.P.
  • Tape: 3 Story: 4 - Richmond McCoy considers the success of UrbanAmerica, L.P.
  • Tape: 3 Story: 5 - Richmond McCoy discusses factors that contributed to his success
  • Tape: 4 Story: 1 - Richmond McCoy describes the need for collaborative business practices among African Americans
  • Tape: 4 Story: 2 - Richmond McCoy discusses economic development in urban markets
  • Tape: 4 Story: 3 - Richmond McCoy expresses his concerns for the African American community
  • Tape: 4 Story: 4 - Richmond McCoy shares his personal philosophy
  • Tape: 4 Story: 5 - Richmond McCoy considers his father's response to his success
  • Tape: 4 Story: 6 - Richmond McCoy considers his legacy
  • Tape: 4 Story: 7 - Richmond McCoy discusses his two marriages
  • Tape: 4 Story: 8 - Photo - Richmond McCoy with his two brothers, ca. 1969
  • Tape: 4 Story: 9 - Photo - Richmond McCoy with his mother, father and adopted aunt at the family farm in Poughquag, New York, 1963
  • Tape: 4 Story: 10 - Photo - Richmond McCoy with his daughter in New Jersey, 1980
  • Tape: 4 Story: 11 - Photo - Richmond McCoy in Capetown, South Africa, 1995
  • Tape: 4 Story: 12 - Photo - Richmond McCoy on a spiritual journey in Peru, 1996
  • Tape: 4 Story: 13 - Photo - Richmond McCoy and his wife as he is awarded an honorary doctorate from Destiny Bible College, Tampa, Floria, 1998