Carter Leaders Show Expertise on Data Centers & Student Housing

Two of Carter’s Leaders Presented at Industry Events

Thursday was a busy day for Carter’s speaking engagement; two of Carter’s leadership shared their respective industry expertise as panelists at two events in Atlanta. Thursday morning, John Regan from Carter Validus presented at Bisnow’s Atlanta Data Center Outlook, followed by Scott Taylor, who served on a midday panel for InterFace Multifamily Southeast. 

Yesterday morning, John Regan, vice president for Carter Validus Mission Critical REIT, served on a panel of data center experts for Bisnow’s 2nd Annual Atlanta Data Center Outlook. The panelists discussed the trends and future of the Atlanta data center market – all from an actual data center located in Buckhead, adjacent to the Mercedes-Benz dealership. According to the panel, Atlanta is a growing hot spot for small technology companies, and the city does well at enticing innovators to start companies and grow them here. However, Atlanta needs to become a more “smart”, connected city.

John Regan commented, “As we continue to keep focus on the macro trends in the data center markets we’re also looking to the future prospective impacts of cloud computing, the evolution of increasing reliance on technology to support business process and the potential of new applications like ‘the internet of things’ for providing continued growth of opportunity in this space.  The outlook appears fairly solid.”

 
Above: Attendees at the Bisnow Data Center event (L) and panelists (R)

Later in the day, Scott Taylor, president of Carter, was one of four panelists at the 2-day InterFace Multifamily Southeast event, held at the Westin Buckhead, discussing the outlook for the investment, development and financing of student housing. The panelists discussed the key differences between conventional multifamily and student housing; for example, student housing typically requires a bed-bath parity and a greater number of bedrooms.


Above: Panelists at InterFace Multifamily Southeast

A key point of the discussion was the strict deadlines of delivering student housing projects due to the school calendar year; Troy Manson, Managing Director for HFF and the moderator for the event, commented that “like a cruise ship, once school starts, that ship has sailed and you don’t get it back until the next year.”

“We believe a trend in both student and multifamily housing is reurbanization. Kids want walkable communities. We like the as-close-as-possible spaces near the urban core,” said Scott Taylor. “Walkability is incredibly important.”

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