MACO Management Company, Inc., throughout its early years of the 1980’s was engaged in natural growth. Basically, as MACO Management’s sister company MACO Construction developed and constructed multifamily units; it was the responsibility of MACO Management Company, Inc., to place these properties into service. The developments coming on line during this period were primarily those complexes financed by what was then the Farmers Home Administration which later became USDA – Rural Development. These developments were funded utilizing the Section 515 loan program in the rural areas of Missouri, Arkansas and Tennessee at the rate of approximately two to three hundred units per year. MACO Management occasionally acquired complexes during this period, however, the focus of the company primarily stayed with the starting up the management for the properties that were constructed by MACO Construction.
During the late 1990’s MACO Management became heavily engaged in the acquisition of rural housing complexes. Starting in 1997, the company began acquiring complexes in able to better justify the tools already in place. Several of those complexes were developed by individuals in the early 1980’s and in many cases; such developers had reached retirement age. This trend continued through the late years of the 1990’s and into the 2000’s.