Carr, who was director of development for Ahold Real Estate, has extensive relationships with grocery retailers, according to a prepared statement from the firm.
The REIT has spent the last year recovering from the financial scandal that rocked the company in February 2000. The firm has put together a new management team and over the year has focused on existing projects.
Carr's appointment appears to be a signal that the REIT is ready to go with new development now that its house is in order. CEO Craig Macnab has said in previous statements that the company planned to expand its development of grocery-store-anchored shopping centers.
JDN Realty's troubles stemmed from improper payments by two executives to development executives and jeopardized the firm's relationship with its largest tenants Wal-Mart and Lowe's.
As a result, several top JDN Realty executives resigned, the SEC launched an inquiry and the firm paid about $5 million each to the two retail chains. Several shareholders filed suit.
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