Adam Troy joined The Community Builders (TCB) board of directors in 2023. He currently serves as president and CEO of TROY Enterprises based in Columbus, Ohio.
As a multi-dimensional entrepreneur, Adam brings his vast background experience and relationship capital with profitable ventures involving operating businesses and various joint ventures. His success with projects involving multiple partnerships among corporations, government, faith-based entities and community groups is often cited as a viable ‘real-world’ approach to effective collaborations grounded in market-based realty.
Having established numerous real estate partnerships throughout the Midwest, his work has resulted in housing more than 1,000 families, community development-based projects totaling more than $250 million, job creation along with access to quality goods and services in the areas of grocery, healthcare, retail business and homeownership/banking related products for under-resourced markets. One of Adam’s more recent projects involved the forging of a unique partnership with the City of Chicago, LISC (Local Initiatives Support Corporation, a national non-profit), the ward alderman and QCDC (Quad Community Development Corporation) to collectively create a unique mixed-use development for the community called the Shops & Lofts at 47, featuring a 75-unit apartment complex owned and managed by The Community Builders and 46,000 square feet of retail space.
As a national model of Adam’s work in the public/private partnership arena, he led the creation of the Unity Partnership CDC (Unity CDC). Based in Columbus, Ohio, Unity CDC represented one of the nation’s first and largest faith-based community development initiatives, providing access to banking related services for more than 10,000 members of participating churches and community residents and more than $60 million of local development related activity within the northeast quadrant of Columbus.
Adam’s operational leadership experience was also tapped to serve as the Public Lighting Authority’s Chief Operating Officer (COO) for the City of Detroit Public Lighting Modernization Plan—a rebound from 40% of streetlights broken to new 65,000 energy-efficient LED lights. Adam worked together with an executive team that led and provided oversight for the design, building and financing of the total reconstruction and relighting of Detroit—securing and guiding the strategic deployment of $185 million in bonds meant an additional 10,000 lights were able to be installed beyond the initial lighting modernization plan. As COO, Adam had executive responsibility for overseeing multiple platforms including construction and engineering, community engagement, continuous improvement, public relations and customer service.
In 1994, along with his business partner Keith Key, Adam co-founded Omni Management Group – a real estate development company specializing in office development and multi-family housing. Under their dual leadership Omni became one of the premiere African-American owned real estate development companies in the nation. As a former managing partner of Omni Development and now as president and CEO of TROY Enterprises (a multi-dimensional holding company), Adam’s leadership experience and focus on public/private partnerships has positioned him as one of our nation’s top strategic “go-to” business minds and thought leaders.
Adam holds a bachelor’s degree in banking and finance from Morehouse College in Atlanta, Georgia. He is also a graduate of the Summer Leadership Institute at Harvard University Divinity School’s Center for Church-based Community and Economic Development Study.