Q&A: Banks developer Carter "working diligently" on office, hotel deals

CINCINNATI —Carter & Associates LLC is an Atlanta real estate development company with a $2 billion portfolio of assets under management. It has invested more than $875 million in projects all over the country in the last decade.

It was selected as lead developer of the Banks project in 2006 by the Banks Working Group, a city-county advisory panel for riverfront development. Initially, it partnered with AIG Global Real Estate. But before its master development agreement (MDA) was signed in November, 2007, AIG pulled out of the project. 

It was replaced by the Dawson Co., another Atlanta –based developer, which is why it was widely known as Carter-Dawson in 2007. USAA Real Estate also joined as an equity partner. All three entities remain partners in the Banks project, but over time, Carter executives have been the most involved in public interactions with city and county officials. So, it’s the Carter name that’s most often associated with the project.

In 2013, the group sold part of the Banks development to an affiliate of Nashville, Tenn. –based Nicol Investment Co., providing cash that paid off city and county loans to the project and new capital for future Banks phases.

WCPO business reporter Dan Monk posed a series of questions to Carter via email while researching a column. WCPO Insiders can read excerpts of that exchange.

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