NEWPORT BEACH, CA-The Carson Cos., a private REIT specializingin industrial property, has formed Carson Advisors to seek between$100 million and $200 million of investment from prospectivepartners. The new Carson Cos. unit will seek to partner and investwith public and corporate pension funds, sovereign wealth funds,endowments, foundations and high net worth investors.

The Carson Cos. specializes in acquisitions, development andmanagement of industrial properties. James D. Flynn, president ofthe Newport Beach-based company, says that Carson Advisors willacquire and invest in high-quality distribution and lightmanufacturing industrial properties in Southern California andHouston, at low levels of leverage.

According to Flynn, the newly formed entity is a response totoday's "unique real estate market conditions," which present theopportunity to "acquire quality assets at attractive yields withinthe industrial sector." Carson Advisors will utilize the CarsonCos.' existing platform of acquisition, development, management andleasing of industrial properties. The Carson Cos. owns and operates10 million square feet of industrial property.