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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.