2009 Marked By Accomplishments at Carter

By Bob Peterson, chairman and CEO, Carter

ATLANTA (Jan. 21, 2010) – As we continue at full speed into 2010, I wanted to take a minute to reflect on what Carter accomplished in 2009. As people in the industry know, 2009 proved a particularly challenging year for commercial real estate. That said, Carter successfully started several new endeavors, completed numerous projects and positioned itself well for the eventual uptick in business.

Here are some highlights:

* Carter’s Property and Facility Management Group added 20 new properties to its management portfolio and received two significant awards. Carter won its first International Building of the Year (TOBY) award for management of Fifth Street Towers in Minneapolis, shown at left. In Atlanta, our headquarters building at 171 17th Street in Atlantic Station received the BOMA 360 Performance Award for superior property management.

* Program Development Services struck two strategic alliances that will enable Carter to dive deeper into two of the strongest property types. Our alliance with data center developer T5 Partners enables Carter to expand our presence in the data center and mission-critical facility space and already has paid off with a large win in North Carolina. Likewise, our alliance with Align Healthcare, has helped us win new business including the development of a medical office building in North Carolina.

* The Carter Fund ended 2009 with a significant acquisition. The Fund bought two portfolios from the FDIC that comprise 271 single-family homes in Atlanta’s inner city. 

* We restructured our Brokerage Services Group based on property specialty group and assigned experienced brokers to lead each one.

* We officially formed Carter Advisory Services with the addition of Andy Feinour and John Akin. They already have picked up several assignments that you’ll be reading about early this year.

250px-GE_Building_by_David_Shankbone.JPG  * The company officially entered New York, where we opened an office with Wall Street veteran Michael Seton. Seton will help Carter raise capital to fund new real estate investment opportunities.

* We made several other key hires including Brad Huber, who is concentrating on new business opportunities in corporate America, and Danny Jardine, who is working to increase Carter’s educational development business. Jardine enabled Carter to win a large assignment with a public school system in Oklahoma.

* Finally, in 2009, Carter jumped into the realm of social media, as you can see with this blog. We also launched a Facebook page and Twitter account to distribute thought-leadership pieces and help communicate with our stakeholders.

These moves leave Carter well positioned to take advantage of the upswing in commercial real estate.

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