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Carter Funds is closely monitoring the aftermath of Hurricane Milton and Hurricane Helene.
We will be in contact with our investors and their advisors, providing updates as they arise.

Carter Funds

Ray L. Hutchinson | CIO, Carter Funds | President Allegiant-Carter Management

Ray L. Hutchinson serves as Chief Investment Officer of Carter Funds, President of Allegiant-Carter Management, and is a member of the Investment Committee Growth & Income Advisors, LLC. 

Mr. Hutchinson is a multifamily expert with over 25 years of REIT executive leadership, development, investment and operational experience in institutionally owned real estate and brings a vast array of acquisition, construction, and disposition experience. He has been involved in well over $5 billion of investment activity including acquisitions, dispositions and development of garden, mid-rise and high-rise apartment homes. He also has extensive redevelopment experience having managed core and value-add portfolios with annual construction and redevelopment budgets of $35 million to $40 million.

He was a Partner and Chief Operating Officer of Chicago, Illinois-based Providence Management Company, LLC which owns and operates a portfolio of 12,000 apartment homes with a portfolio value of $1 billion. Mr. Hutchinson held key executive level positions from 2004 to 2010 with Birmingham, Alabama-based Colonial Properties Trust REIT – a Sunbelt REIT with over 45,000 units and $3.5 billion in value. While there, Mr. Hutchinson led and completed the integration of the $1.8 billion merger of Cornerstone Realty Trust into the operating platform of Colonial Properties Trust in 2005 and completed over $1.0 billion of dispositions to fund development pipeline requirements.

Prior to Colonial Properties Trust, Mr. Hutchinson served as Senior Vice-President of Charlotte, North Carolina-based Summit Properties REIT from 1992 to 2004, where he led a City Team that consisted of operations, acquisitions and development activities on a portfolio exceeding 10,000 apartment homes. He has also held senior leadership roles in local and state industry-specific associations and also served as a member of the National Multi-Housing Council’s Executive Committee, as well as serving as the former President of Big Brothers, Big Sisters of Birmingham.

Mr. Hutchinson received a bachelor’s degree in Business Administration majoring in Human Resources from the University of Central Florida in Orlando, Florida.