X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Locally based Carter has launched a retail investment sales group that will allow the firm to take advantage of market opportunities and expand offerings to its clients. Veteran broker Drew Fleming will lead the team as vice president.

Fleming, who was previously with Shane Investment Property Group, has broad experience in selling properties and working through challenging transactions. His team will represent buyers and sellers in acquisition, disposition and recapitalization of retail properties including malls, strip centers and grocery-anchored centers.

Fleming says the group has gotten off to a fast start, particularly where property owners are trying to reduce their debt ratios and lenders are attempting to take back properties after workouts. In some instances, he says, the banks are pressing owners into putting their properties on the market to get their best deal now.

“We’re beginning to see an uptick in REO properties, particularly in the past month,” Fleming tells GlobeSt.com. “There are some tremendous buying opportunities right now.”

Bob Peterson, Carter’s chairman and CEO, says the addition of a retail investment sales team is part of the 51-year-old company’s commitment to serving clients. “It also positions Carter to leverage our track record in investment sales during a turbulent time in the commercial real estate industry,” he adds.

Carter, which offers a broad range of services, has been diversifying its offerings lately. Most recently, it started a new program development services group to seek institutional and build-to-suit opportunities for larger corporations.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.