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MULTIFAMILY ACQUISITIONS & DEVELOPMENT

Carter Multifamily

Committed to building a high-quality portfolio of multifamily investments that will focus on growth and income.

MULTIFAMILY ACQUISITIONS & DEVELOPMENT

Carter Multifamily

We are committed to building a high-quality portfolio of multi-family investments that will focus on growth and income.

About Carter Multifamily

Carter Multifamily Fund Management Company, LLC (“CMF” or the “Sponsor”) is focused on the acquisition of value-add multifamily real estate and the development of garden-style multifamily properties targeting a rapidly growing population of workforce renters in high-growth Southern and Mid-Atlantic U.S. markets. Driven by approximately 300 years of combined experience in the multifamily industry, CMF’s leadership team leverages beneficial capital and key industry relationships to acquire multifamily investments focused on growth and income.

Why Multifamily?

$2.9T
In Assets

Largest Commercial Real Estate Sector in the U.S. ¹

3.7M

Apartment shortage by 2035 ²

4M

More apartment residents than homeowners expected by 2030 ³

42M

Families who need affordable housing in the U.S. ⁴

AVERAGE U.S. APARTMENT OCCUPANCY (as of April 2024) ⁵

%

RENTERS LIVING IN APARTMENTS ⁶

%

RENTERS CONSIDER HOME OWNERSHIP TOO EXPENSIVE ⁷

%

¹ NAREIT. “Estimating the Size of the Commercial Real Estate Market.” 2 Feb. 2022, p. 1, https://www.reit.com/news/blog/market-commentary/estimating-size-commercial-real-estate-market.

² Goodman, Pendall & Zhu. “Headship and Homeownership: What Does the Future Hold?” Urban Institute. 8 Jun. 2015, p. 1, https://www.urban.org/research/publication/headship-and-homeownership-what-does-future-hold.

³ Munger, Paula. “The Future of Apartment Demand.” National Apartment Association. 14 Jun. 2022, p. 1, https://www.naahq.org/future-apartment-demand.

https://www.jchs.harvard.edu/blog/more-42-million-us-households-were-cost-burdened-2

https://www.globest.com/2024/05/07/apartment-occupancy-levels-stabilize-at-94/

⁶ Zillow. “Renters: Results from the Zillow Consumer Housing Trends Report 2022.” 27 Jul. 2022, https://www.zillow.com/research/renters-consumer-housing-trends-report-2022-31265/

https://www.forbes.com/advisor/renters-insurance/renting-statistics/

Who We Are

Our team’s professional experience includes holding C-level and executive leadership roles at top commercial real estate firms, including:

A full-service national real estate investment, development and advisory firm with a 59-year history of success.

A commercial real estate investment company sponsoring non-traded REITs with portfolios totaling more than $3.8 billion in aggregate contract purchase price.

A commercial real estate investment company sponsoring non-traded REITs with portfolios totaling more than $3.8 billion in aggregate contract purchase price.

A diversified real estate investment trust that, through its subsidiaries, owns a portfolio of multifamily, office and retail properties.

Carter Multifamily Leadership Team

Executive Leadership

John Carter

Chief Executive Officer

Gael Ragone

Cindy Pfeifer

Ray Hutchinson

Equity Sales Leadership

Weldon Evans

Bill Shea

Jim Bullock

CMF’s leadership team members have experience assembling or managing more than
$89 Billion $89 Billion
in multifamily transactions totaling more than
1 Million units 1 Million units

Acquisition Strategy

CMF will strive to acquire under managed, established, income-producing multifamily housing properties in high-growth markets throughout the U.S. that offer value-add enhancement opportunities and will meet the demands of Middle-Market America (“MMA”).

01

STRONG OCCUPANCY & JOB GROWTH MARKETS

Target Markets

Secondary and/or tertiary markets experiencing population, job and occupancy growth.

02

Workforce Apartment Housing

Assets

Existing Class B/C garden-style multifamily properties, typically pre-2005 construction.

03

VALUE ENHANCEMENT

Upside

Uncovering value-add opportunities through operational improvements, renovations and asset repositioning.

Value-Add Renovations

Carter Multifamily’s value-add program strategically enhances the operations and marketability of garden-style multifamily properties aimed to increase overall value and enhance returns.

Before
After

Impressive Track Record

Carter Funds is led by an experienced team that specializes in the management of alternative investments, sourcing accretive acquisitions in high-growth markets and developing systematic real estate support services to add long-term value.

APPROXIMATELY

300 YEARS
OF COMBINED EXPERIENCE IN MULTIFAMILY & COMMERCIAL REAL ESTATE

MANAGED OVER

$89 BILLION
IN MULTIFAMILY PROPERTIES & PORTFOLIOS TOTALING MORE THAN 1 MILLION UNITS

OVER

50 YEARS
OF COMBINED LEADERSHIP ROLES AT TOP MULTIFAMILY COMPANIES

MORE THAN

$3 BILLION
IN MERGERS

MORE THAN

$1.3 BILLION
IN MULTIFAMILY DEVELOPMENT PROJECTS

MORE THAN

21,000
STUDENT HOUSING BEDS

With our leadership team’s combined operational experience and track record of assembling multifamily portfolios totaling more than $89 billion in aggregate purchase price, we stand ready to effectively acquire a broad spectrum of multifamily real estate investments—from single-assets to multi-property portfolios.

This website and the contents contained herein are neither an offer to sell, nor a solicitation of an offer to buy, any security, which can be made only by a prospectus or offering memorandum that has been filed or registered with appropriate federal and state securities commissions and regulatory agencies, and sold only through registered broker dealers and registered investment advisors authorized to do so. All of the content on CarterFunds.com is the sole property and domain of Carter Funds and its respective affiliates. The content contained on this website may not be relied upon by any person for any purpose without the explicit prior written consent of Carter Funds and its affiliates. All information contained on this website will be qualified by the terms set forth in any applicable offering documents or prospectus. The information contained herein is subject to change for any purpose without notice.

There are a number of significant risks that should be considered and reviewed when considering an investment in real estate or real estate securities. These risks may have significant legal, financial, and tax consequences to an investor and should be considered carefully in consultation with such investor’s applicable advisors. Any such investment is suitable only for investors who have adequate financial means, desire a relatively long-term investment, who will not need liquidity from their investment, and can afford to lose their entire investment. Private placements are speculative.