Carter bought the properties acting as trustee for individual trusts. He has followed that route in closing more than $2 billion in joint acquisition and disposition deals in his 15-year career. His father, Maury L. Carter, chairs the 30-year-old brokerage company.
As trustee of Carter-OCC Land Trust, Daryl Carter purchased a 4.6-acre tract west of Narcoosee Road in Orange County for $225,000 from Robert C. Ettinger and Anne C. Ettinger. The price equates to $48,913 per acre of $1.12 per sf.
The parcel is adjacent to Carter's Orlando Corporate Center, a 385-acre, mixed-use development of regional impact. Patrick Chisholm of Maury L. Carter & Associates represented the buyer.
In a second bulk acreage deal, Carter, as trustee of Carter-Indian River Land Trust, bought 134 acres in St. Lucie County for $1.6 million. Carter paid an investor group headed by Jerilynn Poteat Kranze $11,940 per acre of 27 cents per sf.
The property is east of Old Dixie Highway and has 3,500 frontage feet on the Indian River. Maury L. Carter & Associates and Douglas Property & Development Inc. represented the buyer. Independence Realty and Planter's Real Estate Inc. negotiated for the seller.
In another St. Lucie County acquisition, Carter, as trustee of Carter-Gatlin Land Trust, bought nine lots in seven separate transactions from various individual sellers for $312,500 or $34,722 per lot. Maury L. Carter & Associate and Renaissance Realty represented the buyer. Drysdale Realty negotiated for the sellers in three of the seven transactions.
Teaming with Scott Crossman, president, Crossman &Co., Carter purchased the 81,195-sf Lake Conway Woods Shopping Center on 8.21 acres from Rosemont Investors LLC for $3.8 million or $46.80 per sf. The center is at the northwest corner of Conway Road and Hoffner Avenue in south Orange County. Drew Forness of Crossman & Co. and Carter represented the buyer.
In a separate transaction, Cross and Carter sold a 13,981 sf shopping center on 1.27 acres in Tampa, FL for $1.5 million or $107.29 per sf. The buyer was an investor group headed by Jason Balaban of Tampa.
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