Carter & Associates Shoots for $300M Year

The company's roots go back to 1963 when founder Maury L. Carter began his land investment career. He is Daryl Carter's father and chairman of the company.

In its newest deal, an investment group associated with the Maury L. Carter brokerage bought 80 prime development acres on the east side of Interstate 4 and north of the Dolly Parton Dixie Stampede attraction for $9.12 million or $114,000 per acre ($2.62 per sf). The investment group, headed by Daryl Carter and long-time associate Jeffrey R. Douglas, plan to hold the dirt for either a near-future development or sale to another development team.

In the same geographic area, Pride Homes of Vineland LLC purchased 33 acres, already zoned for townhome development, for $17.6 million or $533,333 per acre ($12.24 per sf). The James W. Hickman Trust of suburban Maitland sold the tracts to the Carter and Pride groups.

In other land transactions, Lake County is buying the 192-acre Ferndale Preserve on Lake Apopka from Washington, DC-based Trust for Public Lands for $4 million or $20,833 per acre (48 cents per sf). The county plans to preserve the existing wetlands on the land and develop public hiking and bicycle paths. The trust previously paid $3.9 million for the tract, county staffers tell GlobeSt.com.

In Ocala, about 80 miles northwest of Downtown Orlando, Hills of Florida LLC paid Delcala Properties Inc. $1.38 million, or about $57,429 per acre ($1.32 per sf), for a 24.17-acre commercially zoned tract in the southwest quadrant of US 441 and 301 and NW 28th St. North.

And in Tampa, locally based Suncoast Daycare Inc. bought a 1.91-acre property in the southeast quadrant of County Line Road and Manasfield Boulevard in suburban Wesley Chapel from San Francisco-based Trout Creek Properties LLC for $457,597 or $239,580 per acre ($5.50 per sf). The Tampa office of Cushman & Wakefield of Florida Inc. brokered the Ocala and Wesley Chapel transactions.