Urban Atlantic

What Urban Atlantic does

Urban Atlantic is a privately held real estate development and investment firm founded in 1998 and headquartered in Bethesda, Maryland. The company develops and invests in mixed-use, mixed-income communities in emerging urban and inner-ring suburban markets, with a $3 billion completed portfolio and a $4.7 billion active pipeline spanning roughly 10,000 completed and 7,000 planned residential units, 1.1 million completed and 2.8 million planned commercial square feet, and 640 completed plus 80 planned acres of land development. Flagship projects include The Parks at Walter Reed (a 66-acre former military medical center redevelopment with Hines and Triden), New Carrollton Metro (joint development with WMATA anchored by Kaiser Permanente), and Arthur Capper/Carrollsburg (a long-running public housing transformation with DCHA and Brookfield).

The firm's proprietary capability is not a software product but a deep institutional expertise in layering complex public-private financing — Low Income Housing Tax Credits (LIHTC), New Markets Tax Credits (NMTC) deployed via the wholly owned Mid-City Community CDE subsidiary, EB-5 foreign investment, tax-exempt bonds, Tax Increment Financing (TIF), Payment in Lieu of Taxes (PILOT), HOPE VI, FHA financing, and Property Assessed Clean Energy (PACE) programs administered via the Urban Ingenuity affiliate. Mid-City CDE has received $419 million in cumulative NMTC allocations across 12 awards over 20 years, financing $1.8 billion in public and private investment and 12,000+ jobs. Urban Ingenuity was one of the first PACE program administrators selected by a local jurisdiction.

Urban Atlantic generates revenue through three streams: (1) development fees, asset management fees, and acquisition/rehabilitation fees earned as master developer; (2) equity returns on sponsor positions in owned mixed-use, mixed-income, market-rate multifamily, and commercial properties; and (3) third-party fund management fees and carried interest on $360 million of managed capital across NMTC and EB-5 vehicles. The go-to-market is enterprise and government-relationship based — the firm is selected as master developer through competitive RFPs with municipalities, transit authorities, and housing authorities — with no traditional marketing channels. Primary customer segments are government agencies, institutional investors (Brookfield, Hines, Grosvenor, PGIM), end-user residents across income tiers (market rate to 50% AMI), retail/commercial tenants (Whole Foods, Primrose Schools), and nonprofit housing providers (Housing Up, SOME, HELP USA). The company operates a small professional team of approximately 30 people and is co-founder controlled.

Name

Urban Atlantic

Legal name

Urban Atlantic

Website

https://urban-atlantic.com

Company type

Private

Founded year

1998

Operating status

Operating

Headcount range

11–50 employees

Short description

Urban Atlantic is a Bethesda-based real estate developer and investor founded in 1998 that builds mixed-use, mixed-income communities in mid-Atlantic urban markets, deploying layered public-private financing (LIHTC, NMTC, EB-5) via its Mid-City CDE subsidiary to serve government agencies, institutional investors, and residents across income levels.

Ownership category

akta.pro rank

Product category

Commercial Real Estate Development

NAICS

Other Financial Vehicles (52599)

SIC

Real Estate Dealers (For Their Own Account) (6532), Operators Of Apartment Buildings (6513)

akta.pro primary industry

Retail & Mixed-Use Commercial Construction (IMAFACAB)

Keywords

• Mixed-use real estate development
• Public-private partnerships
• Affordable housing development
• New Markets Tax Credits
• Transit-oriented development

Headquarters

HQ city

Bethesda

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Infrastructure, Marketing or Sales

Revenue model

1. Development Fees and Asset Management: Urban Atlantic earns development fees as master developer on major projects, asset management fees for ongoing portfolio management, and acquisition/rehabilitation fees. They develop projects for their own account and manage third-party investment funds.
2. Investment Returns on Owned Projects: As sponsor/developer with equity positions, Urban Atlantic earns returns on their own development projects including mixed-use, mixed-income communities, market-rate multifamily, affordable housing, and commercial properties.
3. Third-Party Fund Management: Manages third-party investment vehicles including NMTC funds and EB-5 programs, earning management fees and carried interest on deployed capital. $360 million in third-party investments managed through their platforms.

Pricing tiers

Go-to-market motion2 records

Distribution channels2 records

Marketing channels3 records

Core offering

Urban Atlantic is a community-minded real estate development and investment firm that develops, acquires, and invests in mixed-use and mixed-income commercial real estate projects in emerging urban and inner-ring suburban markets. It acts as master developer and co-developer alongside government agencies and institutional investors, structuring complex layered public-private financing (LIHTC, NMTC, EB-5, tax-exempt bonds, TIF, PILOT, PACE). It also manages third-party investment vehicles through its Mid-City Community CDE subsidiary and Urban Ingenuity PACE affiliate.

Product overview

Urban Atlantic is a community-minded real estate development and investment company focused on building inclusive, mixed-use and mixed-income communities in emerging urban markets since 1998. The company operates as a unified real estate development firm rather than a technology platform, offering development services, investment management through Mid-City Community CDE (New Markets Tax Credits), EB-5 investment programs, and property acquisitions. Their portfolio spans large-scale master-planned communities including The Parks at Walter Reed and New Carrollton Metro, with financing expertise in layered public-private partnerships, affordable housing tax credits, and sustainable development through their PACE administration subsidiary Urban Ingenuity. The company's $3+ billion portfolio encompasses over 10,000 residential units and approximately 3 million square feet of commercial space across completed and under-construction projects.

Differentiator

Problem solved

Functional benefit

Brands

• Mid-City Community CDE: Community Development Entity subsidiary focused on New Markets Tax Credit investments

Products and services

• Mixed-Use Real Estate Development Urban Atlantic's core service: large-scale, master-planned mixed-use projects that combine residential, commercial, retail, and civic uses in emerging urban and inner-ring suburban markets, exemplified by The Parks at Walter Reed and New Carrollton Metro. Customers are government agencies and institutional co-development partners.
• Mixed-Income Housing Development Residential development that blends market-rate and affordable housing units (at 50%, 60%, and 80% of Area Median Income) within the same community, creating inclusive neighborhoods with diverse income levels. Customers are public housing authorities, local governments, and nonprofit partners.
• Real Estate Acquisitions Targeted property acquisitions in emerging urban and inner-ring suburban markets to expand Urban Atlantic's development portfolio. Customers are property sellers, lenders, and joint venture partners.
• Asset Management Services Ongoing asset management of Urban Atlantic's owned portfolio and third-party managed funds, including monitoring, leasing, and operations across residential, commercial, and affordable assets.
• Mid-City Community CDE New Markets Tax Credit Investment Sub-allocation of New Markets Tax Credits to qualifying commercial, mixed-use, and community-serving projects in low-income urban and rural communities, administered through Urban Atlantic's wholly owned subsidiary Mid-City Community CDE. Customers are project sponsors, nonprofits, and operating businesses.
• EB-5 Investment Program Sponsorship and deployment of EB-5 foreign investment capital into qualifying real estate projects. Customers are EB-5 investors and project sponsors seeking foreign capital.
• Urban Ingenuity PACE Administration Administration of Property Assessed Clean Energy (PACE) financing programs for clean energy and energy efficiency improvements on real estate, administered through Urban Atlantic's Urban Ingenuity affiliate. Customers are local jurisdictions, property owners, and clean energy project sponsors.
• Third-Party Investment Fund Management Management of third-party investment vehicles (including NMTC, EB-5, and institutional co-investment funds) on behalf of outside investors, earning management fees and carried interest. Customers are institutional and family office investors.

Quantifiable outcome

• Over $3 billion in completed development since 1998
• +5 more outcomes

Named customers12 records

Segments5 records

Ideal customer profiles3 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Feature3 records

Partnerships

Twelve partnerships are on record, tiered supporting, major, key and core.

• Wisconsin Public Finance AuthoritysupportingOthers · 1 January 2026Issues tax-exempt 501(c)(3) bonds for affordable housing transactions including NHP Foundation's Hadley Germantown acquisition.
• Redevelopment Authority of Prince George's CountymajorStrategic or Co-development Partner · 1 January 2022Selected Urban Atlantic to redevelop the 44-acre former Prince George's Hospital site in Cheverly, MD in a $500 million mixed-use development with over 1,000 residential units.
• HostDimekeyStrategic or Co-development Partner · 1 January 2021Hispanic-owned data center operator receiving $6.5 million in NMTC financing from Mid-City Community CDE for $35 million headquarters and data center in historic Eatonville, Florida.
• Triden Development GroupcoreStrategic or Co-development Partner · 1 January 2019Joint venture partner with Urban Atlantic and Hines on The Parks at Walter Reed. Triden is a local District-based Certified Business Enterprise and master development partner on over $7 billion in local projects including CityCenterDC and The Wharf.
• HinescoreStrategic or Co-development Partner · 1 January 2015Joint venture partner with Urban Atlantic and Triden Development Group on The Parks at Walter Reed redevelopment of the 66-acre former Walter Reed Army Medical Center. Hines is a major global real estate investment and development firm.
• Brookfield Properties (formerly Forest City)coreStrategic or Co-development Partner · 1 January 2008Long-term joint venture partner with Urban Atlantic on multiple major projects including Arthur Capper/Carrollsburg (since 2008), New Carrollton Metro development, and The Parks at Walter Reed. Brookfield has succeeded Forest City as Urban Atlantic's partner on these transformative developments.
• Washington Metropolitan Area Transit Authority (WMATA)coreStrategic or Co-development PartnerJoint development partner with Urban Atlantic for New Carrollton Metro station site transformation. WMATA owns land being redeveloped and will occupy office space in new developments. Partnership includes future Purple Line integration.
• District of Columbia Housing Authority (DCHA)coreStrategic or Co-development PartnerLong-term public housing authority partner on Arthur Capper/Carrollsburg redevelopment and other projects. DCHA provides public housing units and participates in mixed-finance transactions.
• Housing UpkeyStrategic or Co-development PartnerDC-based nonprofit affordable housing developer and joint venture partner on Abrams Hall and other affordable housing projects at The Parks at Walter Reed.
• Prince George's CountycoreStrategic or Co-development PartnerCounty government partner on New Carrollton Metro development, Cheverly redevelopment, and other Prince George's County projects.
• State of MarylandkeyStrategic or Co-development PartnerState government partner providing support for New Carrollton Metro development and Opportunity Zone designation for transit-oriented development.
• DC Department of Housing and Community Development (DHCD)keyStrategic or Co-development PartnerDistrict agency providing Housing Production Trust Fund financing for affordable housing projects including Abrams Hall and Lisner-Louise-Dickson-Hurt Home.

Scale indicators19 records

Recent moves7 records

Expansion highlights6 records

Broad incumbents

• Lowe Enterprises: National multifamily/mixed-use developer with DC regional activity and prior employers of Urban Atlantic's Managing Director of Acquisitions Brant Snyder. Comparable in product line and mixed-use expertise but at broader geographic scale than Urban Atlantic.
• Trammell Crow Residential: National multifamily developer where co-founders Davis and Fried previously held leadership roles. Operates broadly across the U.S. with deep multifamily expertise that overlaps Urban Atlantic's rental development, though at larger scale and without the specialized P3/NMTC focus.
• Brookfield Properties (formerly Forest City): Large global developer and Urban Atlantic's longest-standing JV partner on Walter Reed, New Carrollton and Arthur Capper/Carrollsburg. Offers an overlapping capability set in large-scale mixed-use but across a much broader portfolio and national footprint, positioning it as a partner-competitor hybrid.

Direct peers

• Bozzuto Group: Mid-Atlantic mixed-use and multifamily developer headquartered in the DC region, with deep experience in mixed-income and transit-adjacent communities. Frequently partners on affordable and market-rate rentals comparable to Urban Atlantic's Walter Reed and New Carrollton pipelines.
• NHP Foundation: Mission-driven affordable housing owner/operator active in the DC metro market, including joint ventures and acquisitions (e.g., Hadley Germantown with Urban Atlantic as development consultant). Directly comparable in mission, geography, and reliance on LIHTC/tax-exempt financing.
• JBG SMITH Properties: The largest publicly traded REIT focused on Washington DC-metro mixed-use, transit-oriented development including National Landing and Bethesda — operates the same geographic market with overlap on TOD/mixed-income product, including affordable-housing components and large public-private partnerships.
• Insight Property Group: Washington DC-focused mixed-use and multifamily developer with track record on P3 projects including joint ventures on large sites. Direct overlap in product offering, geography, and public-private deal-making approach.
• WC Smith: Washington DC-based real estate investment and development firm building and managing mixed-use and multifamily communities in the District — overlapping customer base (urban residents) and product mix (mixed-income/mixed-use) with Urban Atlantic's DC portfolio.
• EYA Development: DC-metro urban infill and mixed-use developer focused on walkable, transit-oriented neighborhoods. Comparable product type, geography, and emphasis on community engagement around developments of similar scale to Urban Atlantic's projects.
• Donohoe Real Estate / Donohoe Development: DC-metro commercial real estate developer with multifamily/mixed-use expertise and a long history of building in the District — competes directly with Urban Atlantic for urban infill sites and public-private work in the same submarkets.

Market position

Strengths4 records

Weaknesses5 records

Competitive moat5 records

Key risks6 records

Key highlights7 records

Customer concentration

Revenue estimate

Valuation estimate

Number of profiles

Profiles15 records

Subsidiaries2 records

Funding overview

Funding rounds

Investors

Funding detail is available on the Subscription and Enterprise plan.Contact sales →

M&A

Investments

M&A and investment is available on the Subscription and Enterprise plan.Contact sales →

Frequently asked questions about Urban Atlantic