DEVELOPER OF REAL ESTATE PROJECTS
DEVELOPMENT: EXPERIENCE: Nelson Capital Development, Inc. (NCD) has purchased, rehabilitated, developed, and managed residential real estate in the Chautauqua County area. It was the sponsor/Developer for the Charlotte Villa Phase1 and Phase 11, in Sinclairville, New York, the Carroll Manor 1 & 11 , in Frewsburg, New York, and The Collins Manor, in Ripley,New York. These are elderly housing projects funded and subsidized by the USDA Rural Development and New York State Department of Housing and Community Renewal, and private equity investment. NCD is the Managing General Partner of each of the Limited Partnerships that owns the different housing projects.
NCD was also the sponsor/developer/managing general partner for the 832 Foote Avenue Limited Partnership. This partnership was closed in 2004 following the sale of the property at 832 Foote Avenue, Jamestown, New York 14701.
The mission in developing Real Estate, including the projects owned by the lImited partnerships we formed, follows the philosophies of our mission statement:
Our objectives from investing in Real Estate are aimed to the
Essence of Three Philosophical Tests
- - Provide a beneficial service to those whom the property serves.
- - Provide a beneficial asset to the community.
- - Provide beneficial, financial returns to those who have invested capital in the real estate property.
Please read our mission, goals & values statements concerning the concepts that drive our business activities.