McCaffery
McCaffery is a privately held, full-service commercial real estate firm founded in 1991 that develops, leases, and manages urban mixed-use, multifamily, office, retail, and adaptive-reuse assets for institutional capital partners, corporate tenants, and residential renters across Chicago, DC, Pittsburgh, and Denver.
- Company typePrivate
- Founded1991
- HeadquartersChicago, United States
- Headcount51–100
- GTM typeB2B
- OfferingServices
What McCaffery does
McCaffery Interests, Inc. is a privately held, full-service commercial real estate firm founded in 1991 and headquartered in Chicago, with additional regional offices in Arlington, VA (Washington DC metro), Pittsburgh, and Denver. The firm invests in, develops, leases, and manages urban mixed-use, multifamily, office, retail, and adaptive-reuse real estate across major U.S. metros, and has developed more than $3 billion of assets totaling 20 million square feet over 32 years. Its core service lines span development (entitlement, design management, construction oversight, adaptive reuse), commercial and multi-family property management, construction and project management, leasing and tenant representation, investment and asset management, and property marketing. Revenue is generated through a mix of development fees and promote income from institutional joint ventures, recurring property management fees, leasing commissions on retail and office transactions, and asset management fees plus carried interest on capital partner portfolios; pricing is project-specific and quote-based with no publicly disclosed rates. McCaffery serves three primary customer segments: institutional capital partners (CALPERS, Prudential Real Estate Investors, Ivanhoé Cambridge, HIMCO, Hines, and others) seeking development and asset management services; corporate and retail tenants (e.g., Xcel Energy, Apple, Pottery Barn, Loyola University) seeking urban office, retail, and mixed-use space; and affluent residential renters and buyers in transit-oriented urban locations. The firm is led by Founder/CEO Dan McCaffery and President Ed Woodbury, supported by a CFO and senior managing directors overseeing development, acquisitions, investments, and regional operations. Its core technology is conventional urban real estate development and asset management — no proprietary platform, AI/ML systems, or software products are disclosed; its primary differentiation is 32 years of urban infill expertise, a deep institutional capital partner network, multi-regional office coverage, and a high volume of industry recognition (notably ULI Awards for Excellence in 2009 and 2024).
McCaffery firmographics
Firmographics- Name
- McCaffery
- Legal name
- McCaffery Interests, Inc.
- Website
- https://mccafferyinc.com
- Company type
- Private
- Founded year
- 1991
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- McCaffery is a privately held, full-service commercial real estate firm founded in 1991 that develops, leases, and manages urban mixed-use, multifamily, office, retail, and adaptive-reuse assets for institutional capital partners, corporate tenants, and residential renters across Chicago, DC, Pittsburgh, and Denver.
- Ownership category
- akta.pro rank
McCaffery industry classification
Industry- Product category
- Commercial Real Estate Development and Management
- NAICS
- Real Estate and Rental and Leasing (53), Portfolio Management and Investment Advice (523940), Other Financial Investment Activities (5239)
- SIC
- Real Estate Agents & Managers (For Others) (6531), Real Estate Dealers (For Their Own Account) (6532), Investors, Nec (6799)
- akta.pro primary industry
- Real Estate Strategy & Portfolio Consulting (Corporate/Institutional) (BPAJANAB)
Keywords
Where McCaffery is headquartered
LocationHeadquarters
- HQ city
- Chicago
- HQ country
- United States
- HQ region
- North America
Offices4 records
Markets served
McCaffery business model
Business model- GTM type
- B2B
- Offering type
- Services
- Cost components
- Personnel, Operations, Infrastructure, Marketing or Sales, Technology or R&D
Revenue model
- Development Services: McCaffery earns development fees and promote income from originating, entitle, and deliver urban real estate projects for institutional capital partners and joint ventures.
- Property Management: Third-party property management contracts for commercial and multi-family assets, generating recurring management fee income.
- Leasing & Tenant Representation: Commercial leasing brokerage and tenant representation services, earning commissions on retail, office, and industrial lease transactions.
- Investment & Asset Management: Asset management fees and carried interest from managing real estate investment portfolios for institutional investors.
Go-to-market motion1 record
Distribution channels2 records
Marketing channels7 records
McCaffery product offering
Product offeringCore offering
McCaffery is a full-service commercial real estate firm that invests, develops, leases, and manages urban mixed-use, office, retail, and multi-family properties for institutional capital partners, corporate tenants, and municipalities. The firm's service offering spans the entire asset lifecycle, covering development (due diligence, entitlements, construction oversight, adaptive reuse), commercial and multi-family property management, leasing and tenant representation, investment and asset management, and strategic marketing for its portfolio properties. With $3 billion in total developed assets and 20 million square feet under management, it operates across major U.S. metropolitan markets from offices in Chicago, Arlington (D.C.), Pittsburgh, and Denver.
Product overview
McCaffery is a full-service commercial real estate firm offering development, property management, leasing, investment, and marketing services. The company's service offerings include Development (project vision, pro forma development, entitlements, construction management, adaptive reuse), Commercial and Multi-Family Property Management, Construction & Project Management, Property Leasing & Tenant Representation, Investment & Asset Management, and Marketing services. The portfolio includes notable properties such as T3 RiNo (mass timber office in Denver), Encore (luxury apartments in Pittsburgh), Roosevelt Collection (mixed-use in Chicago), Chicago Lakeside Development (master-planned community), The Cork Factory (adaptive reuse historic preservation), Verde Pointe (mixed-use in Arlington), Market Common Clarendon (mixed-use in Virginia), and numerous other retail, office, multifamily, and hotel properties across multiple U.S. markets.
Differentiator
Problem solved
Functional benefit
Products and services
- Real Estate Development Full-service real estate development including project vision, pro forma development, entitlement and permitting, budget oversight, design management, adaptive reuse, and oversight through grand opening for institutional capital partners and joint venture projects.
- Commercial Property Management Professional property management services for commercial real estate assets including operations, accounting, lease administration, and tenant services.
- Multi-Family Property Management Management services for multi-family residential properties including resident relations, maintenance, and amenity operations.
- Construction & Project Management Oversight of construction projects including budget and schedule management, design coordination, and operational transition for McCaffery's development projects.
- Property Leasing & Tenant Representation Leasing services for retail, office, and commercial spaces along with tenant representation for businesses seeking space, including those at Lincoln Common, Market Common Clarendon, Roosevelt Collection, and other McCaffery-managed properties.
- Investment & Asset Management Investment opportunities, asset management, underwriting, structuring, and financing of real estate investments for institutional investors, including co-investment with CALPERS, Prudential, Ivanhoé Cambridge, JP Morgan Chase, and other capital partners.
- Marketing Services Strategic marketing implementation for multi-family and commercial properties including pay-per-click traffic, social media programming, content generation, and campaign management.
Quantifiable outcome
- $3B in total assets developed since 1991
- +3 more outcomes
Companies that use McCaffery
Customer profileNamed customers9 records
Segments4 records
Ideal customer profiles3 records
McCaffery technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
McCaffery partnerships and signals
Strategic signalPartnerships
Nine partnerships are on record, tiered core and strategic.
- HinescoreCo-development partner on T3 RiNo mass timber office project in Denver. Hines is a global real estate investment, development and property manager with $94.6B portfolio. McCaffery and Hines collaborate on urban mixed-use developments combining McCaffery's regional expertise with Hines' national platform.
- U.S. SteelstrategicPartnership to redevelop the former Southworks steel mill site into Chicago Lakeside Development. U.S. Steel owned the 589-acre brownfield site that McCaffery transformed into a master-planned lakeside community.
- Skidmore, Owings and Merrill LLPstrategicMaster planning partner for Chicago Lakeside Development. SOM provided urban design and master planning services creating the award-winning plan for the 589-acre redevelopment.
- Sasaki Associates, Inc.strategicLandscape architecture and planning partner for Chicago Lakeside Development. Collaborated with McCaffery and SOM on the master plan for the mixed-use lakeside community.
- Loyola UniversitystrategicDevelopment partner for Morgan at Loyola Station mixed-use project adjacent to Loyola University Chicago campus. University provided site and partnership for transit-oriented development.
- HinescoreCo-development partner on The Orchard luxury condominiums at Lincoln Common. Hines and McCaffery collaborated on the 6.04-acre mixed-use Lincoln Common development in Chicago's Lincoln Park neighborhood.
- Antunovich AssociatesstrategicArchitectural design firm for multiple McCaffery projects including Lot 24, Market Common Clarendon, Verde Pointe, and The Orchard. Provides architectural services for urban mixed-use developments.
- Pickard ChiltonstrategicArchitectural design firm for T3 RiNo and Springfield Main Street Redevelopment projects. Pickard Chilton specializes in urban mixed-use and transit-oriented developments.
- Nordic StructuresstrategicTimber supplier for T3 RiNo project. Quebec-based wood products company providing sustainably sourced black spruce mass timber from the boreal forest for the heavy timber construction.
Scale indicators3 records
Recent moves6 records
Expansion highlights6 records
McCaffery competitors and assessment
Company assessmentDirect peers
- JBG SMITH Properties: Washington, D.C.-area focused REIT that develops and owns mixed-use, multifamily, and office assets in close proximity to McCaffery's Market Common Clarendon and Friendship Centre. Strongly comparable on urban infill mixed-use strategy and institutional LP profile.
- Lincoln Property Company: National residential and commercial property manager, developer, and investor with deep multifamily management scale. Comparable to McCaffery on third-party property management, multifamily development, and institutional capital partnerships, though significantly larger in headcount and AUM.
- Forest City Realty Trust (now part of Brookfield Properties): Historically a Cleveland-based urban mixed-use developer with strong Pittsburgh and Mid-Atlantic presence, comparable in product mix (mixed-use, multifamily, retail, office) and institutional capital model. Acquired by Brookfield, it remains a useful size-and-strategy comparable for McCaffery's institutional co-investment approach.
- Bozzuto Group: Mid-Atlantic headquartered developer, property manager, and homebuilder with a heavy concentration in luxury multifamily and mixed-use communities. Closely comparable to McCaffery's multifamily property management, leasing, and urban mixed-use development in overlapping geographies.
- Crescent Heights: U.S. urban high-rise residential developer and operator focused on luxury multifamily towers in major metros. Overlaps with McCaffery's luxury urban multifamily thesis (Encore, Morgan at Loyola Station) and operates a similar full-service development + management model.
Broad incumbents
- Tishman Speyer: Globally active real estate investor and developer focused on office, mixed-use, and life-science urban projects for institutional capital. Operates an overlapping institutional LP-driven model and competes for similar urban infill opportunities, though at materially larger scale.
- CBRE Group: World's largest commercial real estate services firm with overlapping investment management, leasing, and property management capabilities. A useful comparable on the third-party services side of McCaffery's platform, though CBRE's scale, public listing, and global reach are materially larger.
- JLL (Jones Lang LaSalle): Global real estate services and investment management firm offering brokerage, property management, valuation, and capital markets advisory. Comparable to McCaffery on commercial leasing, tenant representation, and investment management services, but at much larger scale and broader service breadth.
- Hines: Global real estate investment, development, and property manager with a $94.6B portfolio; direct co-development partner with McCaffery on T3 RiNo and The Orchard/Lincoln Common. Operates an overlapping urban mixed-use, multifamily, and office platform but at significantly larger scale and broader geographic reach.
- Lendlease: International urban developer with U.S. operations focused on large-scale, mixed-use, transit-oriented communities and office/mixed-use towers. Comparable to McCaffery in urban mixed-use product but with a global development platform and significantly larger capital base.
Market position
Strengths5 records
Weaknesses5 records
Competitive moat4 records
Key risks6 records
Key highlights7 records
Customer concentration
McCaffery social profiles
Digital presenceMcCaffery compliance and trust
Trust signalCompliance10 records
McCaffery financial estimates
Financial estimateRevenue estimate
Valuation estimate
McCaffery leadership team
Management profileNumber of profiles
Profiles8 records
McCaffery subsidiaries and ownership
Company hierarchySubsidiaries1 record
McCaffery funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
McCaffery M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about McCaffery
What does McCaffery do?
McCaffery is a full-service commercial real estate firm that invests, develops, leases, and manages urban mixed-use, office, retail, and multi-family properties for institutional capital partners, corporate tenants, and municipalities. The firm's service offering spans the entire asset lifecycle, covering development (due diligence, entitlements, construction oversight, adaptive reuse), commercial and multi-family property management, leasing and tenant representation, investment and asset management, and strategic marketing for its portfolio properties. With $3 billion in total developed assets and 20 million square feet under management, it operates across major U.S. metropolitan markets from offices in Chicago, Arlington (D.C.), Pittsburgh, and Denver.
Is McCaffery a public or private company?
McCaffery is a private company. It is classified as founder individual operated bootstrapped and is currently operating.
When was McCaffery founded?
McCaffery was founded in 1991. It employs 51 to 100 people.
Where is McCaffery based?
McCaffery is headquartered in Chicago, United States, in the North America region.
How does McCaffery make money?
Four revenue lines are on record. Development Services are the primary driver. The others are property Management, leasing & Tenant Representation and investment & Asset Management.
Who are McCaffery's main competitors?
Direct peers on record are JBG SMITH Properties, Lincoln Property Company, Forest City Realty Trust (now part of Brookfield Properties), Bozzuto Group and Crescent Heights. Broad incumbents are Tishman Speyer, CBRE Group, JLL (Jones Lang LaSalle), Hines and Lendlease.
Does McCaffery have an API?
No public API is recorded for McCaffery.
What industry is McCaffery in?
McCaffery's product category is Commercial Real Estate Development and Management. Its primary akta.pro industry code is BPAJANAB, Real Estate Strategy & Portfolio Consulting (Corporate/Institutional). Its NAICS code is 53 and its SIC code is 6531.