Carter will now own CNM Associates, previously co-owned by Ronus and Carter, and will continue to manage third-party and other Ben Carter assets in the CNM portfolio. Ronus Properties begins operations in the fourth quarter.
Ronus assets comprise 19 retail centers and the class A, 90,000-sf Forum office building within Buckhead's Piazza at Paces mixed-use community.
The parting between Ronus and Carter was amiable. "Strategically, this decision makes sense for everyone involved," Ronus Inc. president Bob Anderson says in a prepared statement. "Ronus Properties has a sound and diverse real estate portfolio it wants to expand upon steadily."
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