Hughes Development Company, (HDCO) and its management affiliate, Universal Management, Inc. (UMI) collectively called “the Company” has demonstrated its ability to perform in all areas of real estate development and property management, by successfully managing and developing an extremely varied portfolio of multi-family and retail properties. Our portfolio has included scattered site public housing, Section 42, Section 8, Section 236, Section 202/Elderly, conventional, condominium communities, mobile home parks, commercial retail, and office buildings.
Since 1966, the Company’s long and varied experience in the real estate market makes us uniquely qualified for acquisition, ownership, development and redevelopment of multi-family apartments. We possess specific experience in the successful management of affordable housing under the very rigid compliance guidelines of both HUD and State agencies. HDCO is a Certified Minority Business.
HDCO and UMI along with our other real estate affiliates, HDC Consulting Group(a valuation, market analysis, appraisal and consulting firm) and Metro Group Real Estate, LLC(a retail brokerage firm) encompass a full range of real estate services for our clients. While we possess a very long and successful history of professional residential management, the Company also has strong experience in the areas of commercial management, development, acquisition and relocation, appraisal, consulting and brokerage.
Since its inception, the Company has had a steady growth of new clients, both commercial and residential. These clients include urban commercial shopping centers and office complexes, Public Housing Agencies in Kansas City and Philadelphia as well as local multifamily housing developments. The company has also provided construction management services to many of the above clients, including Kansas Speedway.
HDCO has packaged and received numerous funding programs to provide layered financing resources to redevelop older properties. The firm has not only administered the loans, grants and equity proceeds, but also provided the construction management for millions of dollars in improvement programs on various housing and commercial developments. Hughes Development Co, Inc. and its affiliates have provided the construction oversight for all of the major capital improvements at each rehabilitation site.