ATLANTA—Now that Carter has slimmed down its operation by selling off its brokerage and property management groups, the company is honing in on new opportunities. The firm is pursuing $500 million worth of developments and investments.

Carter will focus on developing mixed-use and for-rent multifamily projects in urban infill locations, equity development of student housing, acquisition of opportunistic and value-add investments in office. The firm will also work to grow its established project management and strategic consulting businesses.

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