The Carson Cos. Creates Subsidiary To Partner With Investors

Posted by Orb Staff on July 27, 2010 No Comments
Categories : FYI

[link=http://www.carsoncompanies.com]The Carson Cos.[/link], a private real estate investment trust specializing in industrial property acquisitions, development and management, has formed Carson Advisors to partner and invest with public and corporate pension funds, sovereign wealth funds, endowments, foundations and high-net-worth investors. ‘Carson Advisors is positioned to partner with institutional investors to acquire and invest in industrial real estate throughout Southern California and Houston, Texas,’ explains James D. Flynn, president of The Carson Cos. ‘This newly formed entity is a recent initiative by The Carson Companies to respond to the unique real estate market conditions to acquire quality assets at attractive yields within the industrial sector.’ Carson Advisors will utilize The Carson Cos.' existing platform of acquisition, development, management and leasing of industrial properties. The Carson Cos. currently owns and operates 10 million square feet of industrial property. The firm is seeking to partner with entities that are capable of investing $100 million to $200 million. Carson Advisors will allow The Carson Cos. to continue its investment strategy to acquire distribution and light manufacturing industrial properties in Southern California and Houston, while using low levels of leverage. "The Carson Companies does not have any legacy issues due to the fact that it did not purchase any properties in Southern California in 2006 through 2008, and sold a significant portion of its portfolio in 2008," Flynn adds. "During that time, the firm concentrated its efforts in Houston, Texas, where it now owns two million square feet of industrial property. Houston has weathered the storm much better than California." SOURCE: [link=http://www.carsoncompanies.com]The Carson Cos.[/link]

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