LOS ANGELES (Oct. 31, 2011) – Carter Vice Chairman Jim Shelton headed to Los Angeles last week to attend the Urban Land Institute (ULI) Fall Meeting and discuss the acquisition of The Medici. During a panel discussion with Piedmont Office Realty Trust CEO Donald Miller, Shelton explained Carter’s role in sourcing the acquisition of The Medici Office Building for Piedmont Office Realty Trust back in June. Click here for The Medici story.
Shelton also discussed Carter’s priorities in light of the company selling its brokerage and property management units to Cassidy Turley in September.
See below for an interview with Bisnow National. Click here for complete issue.
Atlanta-based Carter’s vice chairman Jim Shelton tells us since Carter sold off its brokerage unit to Cassidy Turley, the firm has been focusing on investments, asset management, consulting and development. And right now, Carter is targeting three asset classes: value-add office, urban multifamily, and student housing developments. Jim says Carter has $120M of “very viable” potential purchases, including a couple of urban apartments and a student housing project that could close soon.