Latest news with #HuntCompanies
Yahoo
3 days ago
- Business
- Yahoo
Hunt Companies Acquires Controlling Interest in Carter, Strengthening Real Estate Development Platform
EL PASO, Texas & ATLANTA, July 18, 2025--(BUSINESS WIRE)--Hunt Companies, Inc. ("Hunt"), an El Paso-based holding company with a focus on real estate, infrastructure and financial services, announced today that it has acquired a majority stake in Carter ("Carter"), a premier real estate investment and development firm headquartered in Atlanta, GA. The acquisition reinforces Carter's position as a leader in mixed-use and residential development while expanding its ability to pursue large-scale opportunities across the United States. The companies have a proven partnership, with Hunt and Carter most recently delivering the Prospect Lake Wire project, a transformational mixed-use development in Lakeland, FL, and previously The DeSOTA, a highly successful luxury apartment community in Sarasota, FL. These projects underline the two companies' shared commitment to delivering innovative, high-quality developments that create value for communities and stakeholders alike. With this change, Bob Peterson, long-time CEO and Chairman of Carter, has announced his retirement, and following the transaction, Scott Taylor will continue in his role as President and Chief Executive Officer of Carter, leading the company's day-to-day operations, while also continuing as a partner. "Partnering with Hunt represents an exciting new chapter for Carter," said Taylor. "Hunt's strategic expertise, financial strength, and commitment to long-term growth align perfectly with our mission to deliver extraordinary mixed-use and residential projects. Together, through successes like Prospect Lake Wire and The DeSOTA, we're proving that collaboration drives impact, transforming spaces into vibrant communities where people thrive." Ryan McCrory, President of Hunt Companies, stated, "Carter brings decades of experience and an impressive track record in real estate development. Our successful collaborations demonstrate the strong foundation we already share. With this partnership, we're leveraging our combined strengths to accelerate growth while maintaining focus on quality, innovation, and sustainability." Hunt's support will enable Carter to expand its platform in mixed-use, residential development, and relationship-driven growth initiatives. The partnership aims to grow banking relationships and secure additional investment opportunities in key markets. "For over 75 years, Hunt has been committed to advancing thoughtful real estate development strategies," added McCrory. "Our partnership with Carter aligns with our vision of creating impactful projects that build stronger communities." Carter's strategic priorities moving forward include expanding its footprint throughout the Sunbelt in mixed-use developments and identifying high-value residential projects that foster long-term value for its investors and clients. About Hunt Companies Hunt Companies is a principal investment firm founded in 1947 based in El Paso, TX with interests in the real estate, infrastructure and financial services sectors. As an owner operator with a strong investment platform and financial structuring expertise, Hunt develops lasting relationships to create value for its investors, clients, employees and communities. The company and its affiliates are committed to promoting community growth and a sustainable future through our business practices, purpose-driven investment, and charitable About Carter Carter is a privately held real estate investment and development company headquartered in Atlanta, Georgia. Since 1958, Carter has delivered transformative mixed-use and residential projects across the United States, with a focus on thoughtful design, strategic partnerships, and community-centered development. Known for landmark developments such as The Grounds in Winston-Salem, NC; Summerhill in Atlanta, GA; The Banks in Cincinnati, OH; City Springs in Sandy Springs, GA; and The DeSOTA in Sarasota, FL, Carter combines decades of experience with a relationship-driven approach that delivers lasting value. Carter's purpose is to make a difference by transforming communities and spaces so people can thrive. For more information, visit View source version on Contacts For media inquiries, please contact: Carolyn BakerSVP Corporate CommunicationsHunt 856/298-2036
Business Journals
06-06-2025
- Business
- Business Journals
Plan for 3 new towers near downtown Austin approved
El Paso-based Hunt Companies has secured the zoning it needs to build three high-rises across the river from downtown Austin. Read more about the skyline-changing plans in this report, which includes a list of Austin-area construction companies.
Yahoo
21-05-2025
- Yahoo
Scrapped to saved: Burnt playground to be replaced in Wahiawa
WAHIAWA, Hawaii (KHON2) — Tragic news is turning into a story of hope in Wahiawa. The District Park's newly refurbished playground was destroyed by arson just a couple of weeks after it was refurbished, but the community is now stepping up with an unexpected donation. Blaze devastates newly revamped playground at Wahiawa park 'It feels amazing. You know? I mean, unfortunate that things happen in Wahiawa with the fire, but you know what, we're here to make it better. So you know when people join, join together, we can make that difference,' said Goals Hawaii Vice President Al Legaspi. Arsonists burned the structure beyond repair in early May after the Wahiawa District Park playground surface was refurbished, but help came from an unexpected place nearby. Another playground miles away at Hokulani Community Center was about to be scrapped. 'Come take a look at it to see if it meets our your standards and check if we can donate to you,' because what they were going to do was remove it and then scrap it. But it's still in great condition and so it serves as a replacement for the playground that was completely destroyed up at Wahiawa,' said Department of Parks and Recreation spokesman Nate Serota. Download the free KHON2 app for iOS or Android to stay informed on the latest news The idea came from the same contractor who worked on the Wahiawa playground refurbishment — InspiredPlay Hawaii. They connected with Hunt Companies, who agreed to donate the soon-to-be demolished structure at Hokulani. Volunteers are currently working on taking it apart to reassemble in Wahiawa. 'This was going to be bulldozed this week. So it was, fortunate that we were able to get Hunt to be on board with donating it to the county, and that the city was then able to receive that donation. And that all of that was going to happen before this got thrown away,' said Dana Sagum, InspiredPlay Hawaii partner. Police said the arson investigation is still ongoing, no suspects have been identified but they are still asking for tips and submitted video from the public. The silver lining is the city is saving over $50,000 through the donated replacement have stepped up to prepare the donated playground for its new home even though the floor surface of the burnt structure still needs to be replaced. 'There's some, metal rails. I was just helping, and they're doing the drilling, and I was doing the lifting part get some gym time while I'm out here,' said Sean, a volunteer. 'A playground for the kids is everything. You know, you really get to explore, they get to adventure, socialize, everything,' Legaspi said. Check out more news from around Hawaii A timeline for the rebuild is still being finalized and but updates will be provided as the project progresses. Copyright 2025 Nexstar Media, Inc. All rights reserved. This material may not be published, broadcast, rewritten, or redistributed.
