Thank you for sharing!

Your article was successfully shared with the contacts you provided.

ATLANTA-Locally based Carter has established a new office in New York City as a way to expand its focus on capital markets. Michael Seton, a 15-year capital markets veteran, has been hired to head the Manhattan office as executive vice president.

While Carter will maintain its focus on the Southeast, the New York office will allow the commercial real estate firm to strengthen its platform to source new deals and increase service to clients. Seton has strong connections there, having previously served as managing director and division head with the originations group of German real estate bank Eurohypo.

Seton is credited with a pivotal role in recapitalizing the Chrysler Building and General Motors Building in New York City and the Merchandise Mart in Chicago. He also secured construction financing for the acclaimed 15 Central Park West, Manhattan’s most expensive new residential building.

“Carter is well-positioned to take advantage of the current market cycle and is very outward looking,” Seton tells GlobeSt.com. He adds that Carter, one of the largest office development firms in the US, will be able to enhance its already strong reputation in the capital markets.

Seton’s new tasks include expanding Carter’s principal investment activity by further developing its relationships in the equity and debt capital markets, as well as sourcing new investment opportunities. He will work closely with Carter’s Advisory Services Group and The Carter Funds, which have made 20 investments with a combined value of at least $500 million over the past five years.

“Our New York office will enable Carter to better leverage our existing relationships on the debt and equity sides,” Bob Peterson, Carter chairman and CEO, stated in a release. “The addition of Michael, in particular, will enable Carter to establish new relationships while fortifying the existing ones.”

Privately held Carter has 400 associates at offices throughout the Southeast. Over the past six months, it has formed strategic alliances with Align Healthcare to plan and develop healthcare facilities and medical office buildings, and T5 Partners to market and develop data centers.

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?


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.