Private REIT The Carson Companies hired Fred McIntosh as senior vice president in capital markets. McIntosh will be leading the firm’s newly formed Carson Advisors.
The new unit's aim is to initiate and manage institutional partner relationships to buy industrial real estate throughout Southern California and Houston, Texas.
In his new role as senior vice president, McIntosh will oversee the effort to source capital and manage client relationships for Carson Advisors. He has over 29 years of experience in real estate investment, portfolio management and capital markets, working mostly with institutional investors
Before Carson, McIntosh was a managing director with Tishman Speyer where he was responsible for west coast investor relations and new business development. He developed the strategy and led the $725 million global capital raise campaign that resulted in Tishman’s first two dedicated Brazil funds
The firm currently is looking to partner with firms capable of investing $100 to $200 million. Carson Advisors will allow The Carson Companies to still pursue its investment strategy, which is to purchase high-quality distribution and light manufacturing industrial properties located in Southern California and Houston, Texas, while utilizing low levels of leverage.
“We brought Fred on board due to his extensive experience with institutional investors, and he will be a key factor in The Carson Companies’ new initiative to partner and invest with public and corporate pension funds, sovereign wealth funds, endowments, foundations, family offices and high net worth investors,” said James D. Flynn, president of Carson.
“The Carson Companies believes that excellent buying prospects will become available in this next cycle and Carson Companies wants to position itself with investors to capitalize on the opportunity,” McIntosh said. "Carson Advisors is well-situated to take advantage of the current real estate environment. I believe that Carson’s focus on high-quality industrial properties and its ability to act quickly and acquire assets in all-cash transactions will make it a desirable buyer with brokers and sellers.”
With headquarters in Newport Beach, California and offices in Carson, California and Houston, Texas, the REIT is a developer and long-term owner of industrial property with property management, asset management, leasing, construction management and development capabilities.