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.

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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.

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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.

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Flynn, in an announcement regarding the new entity, comments:"The Carson Companies does not have any legacy issues due to thefact that it did not purchase any properties in Southern Californiain 2006 through 2008―and sold a significant portion ofits portfolio in 2008." During that time, the firm concentrated itsefforts in Houston where it now owns two million square feet ofindustrial property. "Houston has weathered the storm much betterthan California," Flynn observes.

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Flynn explained that due to Carson's low leverage andconservative strategies, the firm is in the position to focus onacquisitions and partnerships during a time when many real estatecompanies are struggling with their portfolios. "The Carson Cos.has existed for almost 100 years and has always been focused ongenerating a reliable cash yield for its shareholders," explainedFlynn. "We believe this strategy will appeal to pension investorsthat want to de-lever and de-risk their portfolios."

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