Atlanta — Student housing is included in the company's latest transactions, as well as in its new focus.
Atlanta — Carter, an investment, development and advisory firm, said it has closed on approximately $100 million in equity development deals aligned with a streamlined focus that was announced nine months ago.
A large part of that focus is student housing development and investment. Included in the $100 million worth of projects is a $40 million development in Oxford, Miss. Highland Square is a joint venture with Chance Partners. It is a 750-bed community that is a mix of flats, townhomes and cottages. It will be complete in July 2013.
Regions Bank is providing the construction financing, and Reese Vanderbilt is the architect. Apex Companies is the contractor.
Carter has also pushed out new branding, including a new logo and an updated website.
Carter announced it would focus on equity development in student housing, multifamily and mixed-use projects in core areas; value-add office investment opportunities; education-oriented project management; and an expanded strategic consulting/advisory services practice.
"Our new developments in Ohio, Michigan and Mississippi are part of the plan we announced nine months ago and indicative of what Carter is today," said Scott Taylor, president of Carter. "As our firm changed, we needed to refresh our identity and brand, and we've done that as well."