EL PASO, TEXAS, AND ATLANTA — Hunt Cos. Inc., an El Paso-based holding company with a focus on real estate, infrastructure and financial services, has acquired a majority stake in Carter, an Atlanta-based real estate investment and development firm. The companies have partnered on past development projects, including Prospect Lake Wire, a mixed-use development completed in 2024 in Lakeland, Florida, and The DeSOTA, an apartment community in Sarasota, Florida, completed in 2018.
With this change, Bob Peterson, long-time chief executive officer and chairman of Carter, has announced his retirement. Following the transaction, Scott Taylor will continue in his role as president and chief executive officer of Carter, leading the company’s day-to-day operations while also continuing as a partner. According to Carter, Hunt’s support will enable Carter to expand its footprint throughout the Sun Belt in mixed-use developments.