Conor McNally
Principal, Shelton McNally Real Estate Partners; Adjunct Faculty, Real Estate Development & Investment
- Atlanta GA UNITED STATES
Social
Biography
McNally has more than 20 years of commercial real estate experience, focused primarily on the development and acquisition of multifamily and mixed-use properties ranging from low-density suburban to complex urban mixed-use projects. He is a founding principal of Shelton McNally Real Estate Partners, an Atlanta-based real estate investment and development firm that focuses on ground-up development and value-add acquisition of multifamily communities in growth markets across the Southeastern United States. Since its inception in 2017, Shelton McNally has developed or acquired over $1B of multifamily real estate, comprising 5,000 units.
Prior to Shelton McNally, McNally spent seven years as Chief Development Officer at Carter & Associates, where he led the development of $750M in large commercial office, multifamily and mixed-use projects. In addition, McNally led the Program Management division of the company, overseeing $100M in annual project management activity.
Prior to joining Carter, McNally was Executive Vice President of Operations for Novare Group. At Novare, McNally led the development of over 3,000 condominium units in projects, valuing more than $850 million. Before Novare, McNally spent four years in strategy consulting as a Project Leader at The Boston Consulting Group in Atlanta.
McNally earned a Master of Science degree in Mechanical Engineering from The Massachusetts Institute of Technology and a Bachelor of Engineering degree from University College Dublin (Ireland). McNally serves as the chair of the Downtown Development Authority in Decatur, GA. McNally lives in Decatur, GA with his wife and has two college-aged children.
Areas of Expertise
In the News
Contractors using massive machine to tear down former Atlanta Medical Center for redevelopment
WSB-TV Channel 2 Atlanta online
2025-09-26
Quoted on Atlanta Medical Center’s demolition and the planned mixed-use redevelopment, discussing large-scale urban redevelopment and creating a sense of place.
Grants to boost Decatur businesses as WatchFest26 nears
FOX 5 Atlanta online
2025-09-03
Quoted as chair of the Decatur Downtown Development Authority about commercial façade, buildout and marketing grants supporting local businesses.
Decatur unveils affordable workforce housing with Oak Cottage Court
FOX 5 Atlanta online
2024-08-08
Quoted as Decatur Downtown Development Authority president on workforce housing, affordability and expanding access for middle-income buyers.
Residential mixed-use planned for ‘ugly corner’ in busy section of Sandy Springs
The Atlanta Journal-Constitution online
2022-09-21
Quoted during a rezoning discussion about Shelton McNally’s proposed 199-unit multifamily, retail and coworking development and the need to increase housing supply.
Developer plans mixed-use project on Roswell Road
Rough Draft Atlanta online
2022-06-06
Quoted as a Shelton McNally principal about a proposed six-story, 199-unit mixed-use development in Sandy Springs.
Collaborative Approach Brings Apartment Development to Atlanta Suburb After Near 17-Year Absence
Multifamily Executive online
2016-01-06
Quoted as Carter’s chief development officer about the Place on Ponce multifamily project in Decatur, resident preferences and urban development.
Building costs on the rise
The Atlanta Journal-Constitution online
2011-12-21
Quoted as Carter’s chief development officer on construction-material pricing, demand conditions and the stabilization of construction costs.