ATLANTA (Feb. 10, 2012) – Carter, one of the country’s leading real estate development, investment, and advisory firms, said today Scott Cloud has shifted his focus with the company and now is a vice president of acquisitions in its Investments Group.
Carter made the move to leverage Cloud’s experience in acquisitions as the company focuses on the pursuit of $500 million in investment and equity development opportunities.
In his new role, Cloud focuses on investment management and new investments. He also leads Carter’s office acquisition efforts. Cloud previously served as vice president responsible for asset management of the Carter Real Estate Funds.
Carter currently is pursuing $500 million in new investments and developments. In particular, Carter is seeking investments in well-located value-add office, healthcare facilities and urban infill properties. The company also is seeking equity investment in student housing and mixed-use developments.
Cloud joined Carter in 2009. Prior to joining Carter, he served as vice president of acquisitions at Parthenon Realty, an affiliate of AREA Property Partners.
“Scott has the right background for a leadership role on our investments team,” Carter Vice Chairman Jim Shelton said. “He will help identify potential investments in and acquisitions of office properties and mixed-use developments.”
Cloud will play a critical role when Carter kicks off its new multi-family real estate-focused fund as well.
Cloud earned an MBA at the University of Florida and a bachelor’s of finance at the University of Alabama. He is a member of Urban Land and is on the board of the Boys & Girls Clubs of DeKalb County.