Thought Leadership

Explore the transformative potential of embedding racial equity in real estate development. This article examines the Urban Land Institute’s “10 Principles for Embedding Racial Equity Development” report, using personal anecdotes and industry insights to illustrate the need for change. Learn how shifting focus from “how” to “why, what, and who” can create a new, more equitable operating system in real estate that benefits all communities.

“Taidgh McClory spent 17 of his more than 20 years in the commercial real estate industry at CBRE Group Inc. (NYSE: CBRE), including as managing director of the New England office. He can remember when there were just two brokers of color in the entire city of Boston when he started out. Although progress has since been made, it’s been glacial.”

“One of the most important steps to starting and sustaining DE&I work at the corporate level is the self-reflection work that defines the WHY – Why is DE&I important to our workforce, our consumers, and our industry/corporate ecosystem?”

“The goal of fostering a more diverse pipeline of talent across the CRE industry is a challenging puzzle to solve, and one that requires us to think differently by innovating new ways to recruit, mentor and sponsor diverse talent.”

“My business practice acknowledges the imbalance of economic opportunities available to people of color and women in the field of commercial real estate and aims to help owners/developers create strategies that promote true economic inclusion throughout the entire development lifecycle.”

“Millennium Partners’ Taidgh McClory Recognized for Leadership in Implementing Diversity and Inclusion Strategies in the Commercial Real Estate Industry”

“While the pace of change with regard to diversity, equity and inclusion has been incremental in the commercial real estate business through the years, I am hopeful that we are living through a fundamental shift in the way that individuals, companies and communities address DEI initiatives. Rather than simply viewing DEI efforts as a ‘check-the-box’ initiative that fits nicely into corporate responsibility reports, we are seeing a new wave of leaders and corporations who are defining why this work matters to their companies, creating intentional strategies that place diversity, equity and inclusion at the core of their business strategy.”

“The NAIOP President’s Award will be presented to Amanda Strong of MIT Investment Management Company and Taidgh McClory of T.H. McClory LLC in recognition of their exceptional leadership, strategic direction and vision for NAIOP’s diversity, equity and inclusion efforts. With their support, NAIOP has been able to strengthen industry DEI efforts through programming, expanding opportunities for minority and women owned businesses in CRE, launching a DEI strategic plan, and continuing to expand the talent pipeline through the CREST and REEX programs.”