Carter Hires Marietta Resident Jerome Hagley as Executive Vice President

Seasoned real estate professional to drive growth for mixed-use and
multi-family investment and development business

ATLANTA (March 24, 2014) – Carter, one of the country’s leading real estate investment, development and advisory firms, today announced the addition of  Marietta resident Jerome Hagley as executive vice president at the company. In this position, Hagley will work closely with Carter’s investments and development teams to lead, manage and grow its multi-family and mixed-use business.

Hagley brings more than 23 years of diverse industry experience in property and facility management, development, operations, public and private partnerships, capital markets and more. Prior to joining Carter, he served as executive vice president and chief operating officer at The Dawson Company, where he was responsible for structuring, financing and executing commercial and multi-family real estate developments, advisory services and oversight of its management operations.

“We are excited to add someone of Jerome’s caliber to our executive team,” said Bob Peterson, chairman and CEO of Carter. “His approach to strategy and value creation reflects Carter’s dedication to deliver unmatched quality to our partners and clients. Jerome’s extensive industry knowledge and experience will play a critical role in our plan to strategically expand our investment and equity development business.”

Most recently, Hagley served as a key development and financing principal on behalf of the Carter/Dawson joint venture for The Banks, an 18-acre mixed-use riverfront development located in between Paul Brown Stadium and Great American Ball Park in downtown Cincinnati. Phase I included $85 million of private development including 302 units of apartments and 87,000 square feet of retail.

He also held the same role and responsibilities for Lindbergh City Center in Atlanta, Ga., leading the development of two multi-family buildings totaling 715 mid-rise apartments on behalf of The Dawson Company. Carter serves as master developer for Lindbergh City Center, which includes approximately 77,000 square feet of retail space based around MARTA’s Lindbergh Transit Station and AT&T’s office space.

Hagley earned a bachelor of science with a specialization in accounting from Spring Hill College in Mobile, Ala. He also holds a masters in professional accountancy from Georgia State University.

About Carter

Carter is one of the country’s leading real estate investment, development and advisory firms with landmark mixed-use, multi-family, and student housing projects under construction around the country. The company, founded in 1958, is headquartered in Atlanta and has a proud history of leading visionary and bold real estate developments that have improved communities and created value for its clients. Today, Carter draws on its history, experience and creativity as the company develops projects, seeks new investment opportunities and advises clients as they make key real estate choices. Specifically, Carter focuses on the development of mixed-use and multi-family project in urban infill locations, equity development of student housing, acquisition of opportunistic office properties, project management and strategic consulting. Carter’s high-caliber associates create value for clients using a team-based approach that leverages strong expertise and a deep knowledge base in a wide variety of markets. Carter also focuses on value-add real estate investment opportunities, and over the past decade has invested in more than $875 million. Carter’s asset management division manages more than $2 billion of third-party and Carter-owned assets. Its strategic consulting practice provides clients with customized real estate solutions. Its program/project management group serve as owners’ representatives for higher education, K-12 and corporate assignments. For additional information on Carter, please visit www.carterusa.com.