DARYL CARTER
FOUNDER/CHAIR/CEO
AVANATH CAPITAL MANAGEMENT LLC
WHY: 43 years in commercial real estate. Since forming Avanath in 2008, has acquired $4B worth of properties in 15 states, totaling 16K apartments.
IN THE NEWS: Announced in the fall a partnership with BRIDGE Housing to create Brighthaven Communities, a jointly owned property management company that will provide affordable and workforce housing nationwide. It will be among the top 10 residential property managers of affordable and workforce housing in the country.
NOTABLE: Says parents left Mississippi after World War II to escape “Jim Crow” discrimination and limited opportunities for African Americans. They landed in Detroit to pursue their version of the American Dream.
QUOTABLE: “Yes, the commercial real estate industry is dominated by cap rates, IRRs, deals and transactions. But the greatest value are the friendships and relationships that you build over your career.”
