Founded in 1980, McCarthy Companies is a full-service residential development and construction company. We have a successful track record of crafting multifamily, mixed use, senior, and single family communities – both affordable and market rate.
McCarthy holds the General Contracting License Number 393001 and operates independently as a fee builder as well as joint venture partner.
We understand that quality construction begins with lasting partnerships. Cultivating strong local relationships with contractors, suppliers, municipalities, sub-contractors, utility companies, and vendors is the foundation to our awarded success. From planning to occupancy, we are committed to constructing more than a building, but a comprehensive contribution to the communities we serve.
McCarthy specializes in multi-family, single family and mixed-use projects including market rate, senior and affordable housing. Our General Contracting Services revolve around our team approach. Incorporating proven company systems that span four decades, our accountable and professional teams employ accurate reporting procedures and open lines of communication to provide for successful oversight and on-time completion of every project.
We provide Preconstruction, Construction and Construction Management Services. By giving each project specific attention to detail with a very hands on approach, we are able to deliver a professional streamlined construction process.
McCarthy Homes is positioned for continued growth under the guidance and leadership of seasoned industry experts. We have assembled a specialized team with decades of experience in every facet of the real estate industry – from investing, acquisition, renovation and construction to property management, leasing and maintenance.
Our team delivers high-quality housing opportunities and customer experiences that create lasting value and healthy partnerships with our residents.
Our home building and community development division focuses on opportunities where we can utilize our areas expertise to bring vertically integrated development and construction services to our partnerships.
Inspired by creative design and excellent craftsmanship, one of McCarthy’s main objectives is to design and build a unique and high-quality product. With each community built by McCarthy, you will see that every detail is not only well thought out but also well implemented.
Build for Rent
McCarthy Homes has set out to not only make our high-quality homes available for sale but also for rent.
As the housing needs and demographics in the United States continue to evolve, and increasingly less inventory with for sale homes, we are working to address the increased demand for single-family rentals.
- Renters are realizing that the cost of living is much lower – and the quality of life higher – than if they were locked into homeownership.
- Many people are opting for single-family rental homes in smaller locations that offer a sense of place, community and urban-like amenities.
- People are becoming more accustomed to working from home.
Today, the single-family build-to-rent market is more attractive to both tenants and investors for a variety of reasons:
- Renters get more choice and flexibility
- Predictable and lower maintenance costs
- Tailor build to rent home design to tenant needs with higher rentability
- Larger and/or more private rental living is attractive to mature renters with families
- Tenants stay in single-family rentals longer compared to multifamily or apartment rentals
- Lower transaction costs compared to buying one-off homes listed on the MLS
The Vines at Riverpark is a 164-townhome community we built which was a successful build to rent product. Shortly after construction completion and full lease up, Champion Real Estate Development Co. in Los Angeles purchased The Vines at Riverpark for a total $55.5 million. This was a total of $338,628 per unit, the highest price paid for a property of at least 100 units in Ventura County in about a decade.