Conor McNally has led the development of over $700 million in Carter projects across multiple asset classes since he joined the firm.

ATLANTA—Conor McNally is optimistic about the commercial real estate, even though he admits there is a shift in the market. As Carter's chief development officer, he's led the development of over $700 million in Carter projects across multiple asset classes since he joined the firm.

Before joining Carter, McNally was executive vice president of operations for Novare Group, one of the Southeast's largest private multifamily developers. There, he had responsibility for all development, construction, marketing and sales activities of the company. He successfully led the development of over 3,000 condominium units in projects valuing more than $850 million.

GlobeSt.com caught up with McNally to find out what he sees now and how Carter is responding to the shift in part two of this exclusive interview. You can still read part one: 3 Ingredients Helped CRE Pro Through Massive Crisis.

GlobeSt.com: What opportunities do you see in your market?

McNally: Given that Carter is extremely well diversified, our market is very broad. We look at multiple asset classes across numerous markets.

First and foremost, we believe in creating and delivering really unique and irreplaceable real estate assets that will stand the test of time. Even though there are some sectors and markets that appear to be reaching the tail end of the current cycle, I firmly believe great opportunity remains for the type of mixed-use projects we focus on in the right markets and locations.

GlobeSt.com: How are you leveraging those opportunities?

McNally: Often, these projects are of public-private nature and require significant commitment to working with public entities in order to structure and execute the deal. This is something that Carter has a long and successful track record with and it is something we never shy away from.

Two of our current pipeline projects are perfect examples of this approach: The redevelopment of Turner Field in downtown Atlanta, and the development of a major mixed use “aerotropolis” project at Atlanta's Hartsfield Jackson Atlanta International Airport.

GlobeSt.com: What are your goals moving forward?

McNally: I want to continue learning, taking on new challenges and delivering great projects. I also want challenge our team to exceed expectations and constantly find ways to get better at what we do. Passing on what I have learned in my career to those starting out is also something that I find very rewarding.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

Conor McNally has led the development of over $700 million in Carter projects across multiple asset classes since he joined the firm.

ATLANTA—Conor McNally is optimistic about the commercial real estate, even though he admits there is a shift in the market. As Carter's chief development officer, he's led the development of over $700 million in Carter projects across multiple asset classes since he joined the firm.

Before joining Carter, McNally was executive vice president of operations for Novare Group, one of the Southeast's largest private multifamily developers. There, he had responsibility for all development, construction, marketing and sales activities of the company. He successfully led the development of over 3,000 condominium units in projects valuing more than $850 million.

GlobeSt.com caught up with McNally to find out what he sees now and how Carter is responding to the shift in part two of this exclusive interview. You can still read part one: 3 Ingredients Helped CRE Pro Through Massive Crisis.

GlobeSt.com: What opportunities do you see in your market?

McNally: Given that Carter is extremely well diversified, our market is very broad. We look at multiple asset classes across numerous markets.

First and foremost, we believe in creating and delivering really unique and irreplaceable real estate assets that will stand the test of time. Even though there are some sectors and markets that appear to be reaching the tail end of the current cycle, I firmly believe great opportunity remains for the type of mixed-use projects we focus on in the right markets and locations.

GlobeSt.com: How are you leveraging those opportunities?

McNally: Often, these projects are of public-private nature and require significant commitment to working with public entities in order to structure and execute the deal. This is something that Carter has a long and successful track record with and it is something we never shy away from.

Two of our current pipeline projects are perfect examples of this approach: The redevelopment of Turner Field in downtown Atlanta, and the development of a major mixed use “aerotropolis” project at Atlanta's Hartsfield Jackson Atlanta International Airport.

GlobeSt.com: What are your goals moving forward?

McNally: I want to continue learning, taking on new challenges and delivering great projects. I also want challenge our team to exceed expectations and constantly find ways to get better at what we do. Passing on what I have learned in my career to those starting out is also something that I find very rewarding.

Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What's driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM Digital Member, you’ll receive:

  • Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
  • Educational webcasts, white papers, and ebooks from industry thought leaders
  • Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.