About Wesley Community Development
Wesley Community Development is a nonprofit real estate firm created in 2002 by a $2 million grant from The Duke Endowment. The company mission was to build energy efficient single-family homes in rural areas for first time homebuyers. A total of 85 homes were built and sold to families receiving extensive credit and budgeting counseling. As a result, only one foreclosure resulted during The Great Recession. In 2005, Wesley was awarded Best North Carolina Project for its Westglow single family housing development.
In 2013, Wesley expanded its development efforts to the multi-family sector, acquiring and rehabbing its first two complexes. A supportive housing development, Wesley Heights, also opened in 2013 and won Best Supportive Housing Project the same year. The portfolio was further expanded to include Low Income Housing Tax Credit (LIHTC) projects. In 2015, Wesley again won the Best North Carolina Project for the multifamily development of Willow Pond. In 2019, Wesley broke ground on the 7th and 8th multi-family properties in the Wesley portfolio. Newly completed, Prosperity Ridge and Cascade Garden provide 128 units for seniors 55 and older. Additionally, 2020 tax credits were awarded to the Mineral Springs Commons project in Charlotte. The senior housing component of this project was also awarded funding of over $800,000 from the City of Charlotte.
In 2013, Wesley diversified its real estate portfolio by providing consulting and project management services for churches, undertaking a $6 million demolition and redevelopment of Rocky Mount United Methodist Church in Mooresville. This led to Seeds of Change, a church consulting and outreach curriculum taught to groups of churches by the Wesley staff funded through an additional $400,000 grant from The Duke Endowment, and a growing pipeline of church repositioning projects.
Wesley is affiliated with the Western North Carolina Conference (WNCC) of The United Methodist Church. In 2018, Wesley led the development of the Conference’s new headquarters acting as the owner’s representative. The completed Conference Center was awarded the designation of LEED Gold and served as a pilot project for net metering with the inclusion of an 85KW rooftop solar array serving the building and the grid.
In 2019, Wesley managed the upfit of the first floor of the Conference Center making it ready for a lease agreement with a prominent tenant. This space was designed for lease in order to defray operating expenses associated with the Conference headquarters located on the second floor of the Center. In May 2019, Wesley added the facilities management of all WNCC properties, including churches that close and revert back to the Conference. Wesley assists WNCC in determining the best use for those properties going forward, including repurposing, redeveloping or selling. Wesley is also a licensed North Carolina Real Estate firm.
As of December 2018, Wesley had developed in excess of $57 million in real estate and by the end of 2019 that number grew to over $74 million. By mid-2020, Wesley has grown from four employees to a team of seven professionals focused on providing exceptional real estate services.
In February of 2019, Wesley became a full fledged real estate firm and took over the property management and brokerage services for the WNCC. Real estate services were the only part of the conference ecosystem that were not distinctly Methodist in fashion, and Wesley taking over the portfolio brought new insight to conference leadership with an eye towards ministry and stewardship. Since taking over the portfolio, Wesley has brokered over $7 million in property sales, and helped to repurpose many other properties for ministry. That work continues every day within the Wesley offices.