What Clarity Development does

Clarity Development Company, LLC is a privately held residential real estate development services firm founded in 2015 and headquartered at 3814 Farnam Street in Omaha, Nebraska. The firm provides end-to-end development services for clients ranging from for-profit real estate developers to non-profit organizations developing affordable and veteran housing. Its core offering is structured around three interconnected service modules: Finance (structuring layered capital stacks including TIF, Low Income Housing Tax Credits, Historic Tax Credits, New Market Tax Credits, EB-5, HOME, CDBG, and FHLB programs), Design & Construction Management (architect/engineer/general contractor oversight and budget administration), and Entitlement Management (zoning and government approvals).

The company has executed more than 20 projects across the Omaha metropolitan area — including Blackstone Corner (112 units), Blackstone Depot (56 units), the Blackstone Hotel revitalization, Colonial Hotel conversion (40 units), South Hill Rowhouses (36 units), Aspen Grove (192 units), BD3 (10 units), and a 90-unit veteran housing development — and has at least one project in Beaufort, South Carolina. Its revenue is generated primarily through project-specific development fees and consulting engagements tied to the complexity of each development, with clients seeking relief from the legal, engineering, construction, and finance burdens typical of subsidy-driven real estate projects.

The firm is led by two principals, Thomas McLeay (President) and Neeraj Agarwal (Principal), who collectively bring roughly 30 years of combined experience spanning large-firm legal practice, government, private equity, and in-house real estate development counsel. Go-to-market is relationship-driven and direct, relying on principal-level networks across local government, regional lenders, tax credit syndicators, and developers rather than formal marketing channels.

Name

Clarity Development

Legal name

Clarity Development Company, LLC

Website

https://claritydevco.com

Company type

Private

Founded year

2015

Operating status

Operating

Headcount range

1–10 employees

Short description

Clarity Development is a privately held Omaha-based residential real estate development services firm providing financing advisory, design and construction oversight, and entitlement management to developers and non-profit organizations, with deep expertise in complex layered subsidy and tax credit financing structures.

Ownership category

akta.pro rank

Product category

Residential Real Estate Development Services

NAICS

Land Subdivision (23721)

SIC

General Bldg Contractors - Residential Bldgs (1520), Services-Engineering, Accounting, Research, Management (8700)

akta.pro primary industry

Residential Land Development & Subdivision Homebuilding (Build-to-Sell Communities) (IMAFABAL)

akta.pro secondary industry

Urban Planning & Master Planning (BPAHAKAD)

Keywords

• Residential real estate development
• Affordable housing development
• Tax credit financing
• Historic rehabilitation projects
• Entitlement management services

Headquarters

HQ city

Omaha

HQ country

United States

HQ region

North America

Offices1 record

Markets served

GTM type

B2B

Offering type

Services

Cost components

Personnel, Operations, Supply Chain, Marketing or Sales, Others

Revenue model

1. Real Estate Development Services: The company earns revenue by providing comprehensive real estate development services including financing advisory, design and construction oversight, and entitlement management. Revenue is generated through development fees, consulting fees, and potentially co-development arrangements with partners like Greenslate Development. The company specializes in complex projects using multiple layers of subsidies and incentives.

Go-to-market motion1 record

Distribution channels1 record

Marketing channels1 record

Core offering

Clarity Development provides full-service residential real estate development services, including design, permitting, construction oversight, and financing structuring for projects ranging from urban to suburban and from historic rehabilitation to ground-up new construction. The firm specializes in complex developments using multiple layers of subsidies and incentives (TIF, LIHTC, NMTC, EB-5, Historic Tax Credits, HOME, CDBG). It also delivers entitlement management, advisory services for developers, and specialized affordable housing development.

Product overview

Clarity Development offers a single, integrated suite of residential real estate development services rather than a modular software product. The core offering encompasses full-service development from concept through completion, supported by three interconnected service modules: Finance (tax credit expertise and financing structure), Design & Construction (architect/contractor oversight and budget management), and Entitlement (zoning and government approvals). These services are delivered alongside advisory offerings for developers and specialized affordable housing development, with the company leveraging nearly 30 years of combined experience across urban/suburban and historic/new construction projects.

Differentiator

Problem solved

Functional benefit

Products and services

• Residential Real Estate Development Services
• Finance Services
• Design & Construction Management
• Entitlement Management
• Developer Advisory Services
• Affordable Housing Development

Quantifiable outcome

• Development of over 500 residential units across multiple projects including Blackstone Corner (112 units), Blackstone Depot (56 units), Colonial Hotel conversion (40 units), South Hill Rowhouses (36 units), and more

Named customers3 records

Segments2 records

Ideal customer profiles2 records

Technology focussed No

API detail

Has API

No

API docs

API detail

Core technology

AI maturity

App detail

Partnerships

One partnership is on record.

• Greenslate DevelopmentcoreStrategic or Co-development PartnerClarity Development partnered with Greenslate Development on multiple projects including the Blackstone District Apartments (90 market-rate Class A apartments plus 4,000 sq ft commercial space) and the BD3 project (10 luxury Class A apartments plus 12,892 sq ft commercial space). Both projects are located in Midtown Omaha near major employment centers.

Scale indicators2 records

Recent moves6 records

Expansion highlights4 records

Direct peers

• L+M Development Partners: Affordable, mixed-income, and market-rate multifamily developer active across multiple states with significant LIHTC and historic tax credit activity. Comparable tax-credit-driven development platform, though at materially larger scale than Clarity.
• Pennrose: Multi-state affordable housing developer and property manager with deep LIHTC and mixed-finance expertise. Highly comparable business model (development + property management + multiple subsidy programs) to Clarity's value proposition.
• BRIDGE Housing: Mission-driven affordable and mixed-income housing developer active in multiple West Coast and select national markets. Comparable LIHTC and mixed-finance development model focused on quality affordable housing.
• The NRP Group: National affordable and workforce housing developer/owner that builds, finances, and manages LIHTC-funded multifamily projects. Most directly comparable on the affordable housing development + tax credit stack that Clarity executes.
• Greenslate Development: Omaha-based co-development partner of Clarity on multiple Class A Midtown projects (Blackstone District Apartments, BD3). Operates in the same Omaha infill residential/mixed-use niche and shares the LIHTC and historic rehabilitation thesis.

Broad incumbents

• Enterprise Community Partners: National nonprofit affordable housing developer, investor, and policy organization with deep LIHTC syndication and development capabilities. Operates in the same affordable housing value chain but at vastly broader scale and as part of a multi-vertical platform.
• The Michaels Organization: National residential developer, owner, and manager with significant affordable and workforce housing exposure including LIHTC projects. Comparable segment focus, though broader geographically and larger in scale than Clarity.

Regional players

• Seldin Company: Omaha-based real estate firm with multi-family development, management, and investment activities. Comparable regional residential focus and ties to the Omaha/Midwest market where Clarity concentrates its work.
• Noddle Companies: Omaha-based real estate investment and development firm active in residential, multifamily, and mixed-use projects. Comparable regional footprint and Midwest secondary-market orientation to Clarity's Omaha base.
• Lanoha Development Company: Established Omaha-area residential and mixed-use developer with a long regional track record. Comparable in scale and metro focus, though broader in product type (single-family, multifamily, mixed-use) than Clarity's tax-credit-heavy portfolio.

Market position

Strengths5 records

Weaknesses5 records

Competitive moat3 records

Key risks6 records

Key highlights6 records

Customer concentration

• LinkedInlinkedin.com/company/clarity-development

Revenue estimate

Valuation estimate

Number of profiles

Profiles2 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 Clarity Development