William F McCroy Jr (J) - Managing Member

As Legal Counsel:

Clients included; Hansen Construction, Inc., Merit Capital, Inc., Merit Holdings, Inc., Hunter Development, Voorhees Development and V & M Development.

Responsible for site acquisition, acquisition documentation and support. Negotiate and document development agreements, entitlements, IRB’s, TIF’s, Construction and Sub-contractor Agreements, Architectural and Engineering Agreements, Property Management Agreements and establishing lease forms and procedures. Supported all debt and equity financing providing all necessary instruments including Private Placement Memorandums, Reg. D filings (Federal & State), Promissory Notes, Mortgages and investor instruments.

Ten years of practice, Projects too numerous to name

As employee of Developer:

Responsible for site acquisition, acquisition documentation and support. Negotiate and document development agreements, entitlements, IRB’s, TIF’s, Construction and Sub-contractor Agreements, Architectural and Engineering Agreements, Property Management Agreements and establishing lease forms and procedures. Supported all debt and equity financing providing all necessary instruments including Private Placement Memorandums, Reg. D filings (Federal & State), Promissory Notes, Mortgages and investor instruments. 

Direct responsibility for townhouse construction and sale at an annual rate of production of 90 units (Prairie Homes Construction). Project development and owner construction review of Sun Prairie, a 120 unit senior townhouse rental project in Aurora, Il. Primarily responsible for securing 221(d)(4) financing for Sun Prairie and Burnsville View, a 114 unit senior townhouse rental project in Burnsville, Mn. Project development and owner construction review of Lake Mary Apartments, a 124 unit multifamily project in Flagstaff, Az.

 As Owner/Developer:

Acquired, owned, operated and later sold Rosemont Court Apartments, a 42 unit multifamily property in Gladstone, Mo.

Acquired, owned, operated and later sold North Park Place Apartments, a 120 unit multifamily property in North Kansas City, Mo.

The Village at Palm Coast, Fl: Acquired 134 acres of land, designed a mixed residential usage plan of estate homes, townhouses and multifamily units. Secured a Planned Unit Development district and associated development agreement. Designed single family units, multifamily units and club facilities. Contracted with Architects, Engineers, General Contractor and sub-contractors and managed the process of completing the scope of work for each. Established a marketing team and sold out the estate homes. The balance of the Project was sold to Centex Destination Properties.

Verdier Plantation, Bluffton, South Carolina: Acquired 125 acres of land, established a mixed usage site plan of club facilities, retail & office space, manor homes, townhouses and multifamily. Secured Planned Unit Development district, Development Agreement, entitlements and permits with the City of Bluffton. Designed single family units, multifamily units, retail/commercial buildings and club facilities. Contracted with Architects, Engineers, General Contractor and sub-contractors and managed the process of completing the scope of work for each. Established a marketing team for the sale of manor homes and townhouses. Completed a Representation Agreement with a commercial real estate firm to lease retail space. Market forces and the lack of financing in 2007 caused the Project to be surrendered to the lender.

Village Tower, South Daytona, Florida: Acquired 13 acres of land, featuring 575 lineal feet of water-frontage on the Atlantic Intra-coastal waterway. Secured zoning for a Site Plan of 492 residential high-rise condo units and the associated PUD providing for related Village services and usages such as; Club House, Spa, Executive Business Suites and Resident oriented retail usage. Secured State Wetlands Permits and Corp. of Engineers Wetlands Impact Permit as well as hard forward financing commitments from MMA Financial. Market forces and the lack of financing in 2007 caused the Project to be surrendered to the lender. 

Meadow Ridge Apartments, Cedar Falls, Ia: Purchased 20 acres of property in the City of Cedar Falls, Iowa. Secured the requisite zoning, entitlements and development agreement from the City for 240 units of garden-style apartments. The Project to feature an amenities package of walking trails, clubhouse and pool. The garden-style apartments were to feature underground heated parking, assigned secured storage and an upgraded interior finish. Garden-style units of one and two bedrooms were designed; with the one bedroom units being 850 square feet of living space and two lay-outs for the two bedroom units, one containing 950 square feet of living space and the other containing 1,050 square feet of living space. The Project plan provided for a clubhouse and pool. In 2010 sold out my interest to a local group.

Raymore Senior Apartments, Raymore, Mo.: On the 28th of March, 2014 purchased 11 acres in the City of Raymore, Missouri as a location for market rate senior apartments. Fully planned and secured approvals for the Project. The planned Project was a Class A market rate age restricted (62 & over) multifamily development composed of 156 one and two bedroom units in a three story slab-on-grade configuration featuring with secured buildings, elevators, a clubhouse with a media center and fully appointed exercise studio, a resort style zero-entry salt water pool and associated amenities. Sold my interest to the remainder of the ownership group in November of 2015.

 JC Mulligan Development Group. Established 2017

 Withers Farm Senior Apartments: The Company owns the 16 acre site and has full rights of entitlement, authorities and permits and has commenced the construction of the planned product for the Site. The approved plan calls for 190 units of age restricted multifamily creating a long term truly independent living option for the active Baby boomer. The Project is currently under construction with delivery of Clubhouse and first apartment building to occur late February, 2024. The apartments are restricted to residents with a head-of-household of age 55 and older. The Project features one and two bedroom units with approximately 60% being of the two bedroom variety. The Project will be a Class A market rate property. The buildings will be 4 and 5 story center hall, with elevators and will be operated as limited access facilities. The apartments feature upgraded interior finishes including stainless steel appliances, natural solid surface counter-tops, kitchen cabinets designed for the chef, and in unit, full sized, top loading, washers and dryers. The Clubhouse design includes exercise facilities, cardroom, media room, reception room and warming kitchen. The Clubhouse will be operated as a Community Center with social events, card groups, continuing education classes, fitness classes and video entertainment. The pool area will include a hot tub and cabana. The site will also feature walking paths and bocce ball court.

Veterans Park Senior Village: The Products: The Project encompasses a mix of units of multifamily and age restricted attached villas with the purpose of creating a long term truly independent living option for the active Baby boomer. The 228 units of multifamily feature one and two bedroom units with approximately 60% being of the two bedroom variety. The buildings are 4 and 5 story center hall, secure structures, with elevators and will be operated as limited access facilities. The apartments feature upgraded interior finishes including stainless steel appliances, natural solid surface counter-tops, kitchen cabinets designed for the chef, and in-unit, full-sized, top-loading, washers and dryers. The 60 Villas will be 1,553 sq.ft. of living space, two bedrooms and two baths, will be on an unfinished basement and will include an attached two car garage. The villas will also feature upgraded interior finishes including stainless steel appliances, natural solid surface counter-tops, kitchen cabinets designed for the chef, laundry rooms and rear patio area. The Clubhouse includes exercise facilities, cardroom, media room, reception room and warming kitchen. The Clubhouse is being operated as a Community Center with social events, card groups, continuing education classes, fitness classes and video entertainment. The pool area includes a cabana and grilling area. The site also features walking paths.

The property will be professionally managed by the award winning firm of Weigand-Omega. The rents on the apartment units will be market rate and will not be subsidized in any way. The villas will be a “for sale” product. The Project will not be a care facility or institutionalized living. The residents will live independently with Weigand-Omega providing property management geared to creating a strong community/resort lifestyle.

 The Property: The site is situated immediately adjacent and to the East of Pflumm Road and running from Veterans Park on the north and 62nd Street on the south in the city of Shawnee, County of Johnson, State of Kansas. The site being an irregularly shaped piece of approximately twenty eight and a half (28.5) develop-able acres more or less (hereinafter “Property”). The Property is gently undulating, sloping from the east to the west and includes a creek fed pond that is situated on the Property with the area immediately surrounding the pond being wooded. The area centers on the Shawnee Community Center, public library and pool. The Property is just north of a wide variety of residential, sports venues, schools, commercial and retail properties surrounding Shawnee Mission Parkway, the area’s major throughway.

Lone Elm Senior Apartments: The Company owns the 9-acre site and has full rights of entitlement, authorities and permits and will be commencing the construction of the planned product for the Site in September, 2024. The approved plan calls for 183 units of age restricted multifamily creating a long term truly independent living option for the active Baby boomer. The apartments are restricted to residents with a head-of-household of age 55 and older. The Project features one and two bedroom units with approximately 60% being of the two bedroom variety. The Project will be a Class A market rate property. The buildings will be 3 story center hall, with elevators and will be operated as limited access facilities. The apartments feature upgraded interior finishes including stainless steel appliances, natural solid surface counter-tops, kitchen cabinets designed for the chef, and in unit, full sized, top loading, washers and dryers. The Clubhouse has been designed to be incorporated within the larger of the two apartment buildings and includes exercise facilities, cardroom, media room, reception room and warming kitchen.

The Clubhouse will be operated as a Community Center with social events, card groups, continuing education classes, fitness classes and video entertainment. The pool area will include a hot tub and cabana.

 Market Segment Experience

 Section 42- Multifamily: 

As Legal Counsel: Served as legal counsel to Voorhees Development regarding Section 42 applications in Iowa, Minnesota and Illinois. Site approvals and entitlements for individual Projects. Documentation and fulfillment of Tax Credit purchaser requirements and support for syndications.

As employee of Developer: Served on staff of Voorhees Development and Prairie Homes in association with senior affordable housing projects. Primarily responsible for securing Planning Commission, staff and Counsel approvals for all Projects in development.

As Consultant: President of National Affordable Housing Foundation owner of 3,000 affordable multifamily units. 2010 and 2011 directed filings for a Joint Venture by and between Midwest Development, National Consulting Alliance for Rural Tax Credits. Responsible for applications for private and government financing including Low Income Housing Tax Credit, HOME Loans, Enterprise Zone Credits, Government grants, Property Tax abatements and/or exemptions, as well as permanent and construction financing. Oversaw 9 rural preservation properties which had a total of 276 units which Foundation owned.

Assisted Living:

As Consultant: In conjunction with United Resources, Midwest Development, National Consulting Alliance and National Affordable Housing Foundation. Selected sites in Grimes, LeClaire and Cedar Falls Iowa, secured all approvals, entitlements, zoning. Responsible for product design and development with Dungan Design Group (the architects) and Schlagel & Associates (Civil Engineers and Landscape Architects). Final plan- 84 unit, two story design. Secured credits for Cedar Falls Project and the owners sold the Project to Aslan Development of Louisville, KY. Credits were not allocated for LeClaire or Grimes, with the groups intention to re-file during the following year following the end of my Consulting Agreement. Consulted and advised United Resources regarding all Assisted Living facilities in Illinois, Missouri and Oklahoma.