Daryl J. Carter is the Founder, Chairman and CEO of Avanath Capital Management, LLC, a California-based investment firm that acquires, renovates, and operates apartment properties, with an emphasis on affordable and workforce communities. Mr. Carter directs the overall strategy and operations of the company. Since its formation in 2008, Avanath has acquired $4 billion of properties in 15 states in the U.S., comprising 16,000 apartment units.

Avanath is vertically integrated and is an SEC-registered investment advisor and an institutional fund manager, with capabilities that include acquisition sourcing and underwriting, construction, asset management, and on-site property management.

Mr. Carter has 42 years of experience in the commercial real estate industry. Previously, he was an Executive Managing Director of Centerline Capital Group, an affiliate of the Related Companies. Mr. Carter became part of the Centerline team when his company, Capri Capital Finance, was acquired by Centerline in 2005. Mr. Carter co-founded and served as Co-Chairman of the Capri Capital family of companies.

He was instrumental in building Capri into a diversified real estate investment firm with $8 billion in real estate equity and debt investments under management. A significant component of the Capri platform was Capri Capital Finance, LLC, a multifamily lender that was a seller/servicer for Fannie Mae DUS, Freddie Mac Program Plus, and HUD/FHA. Prior to Capri, Mr. Carter held investment positions with Westinghouse Credit Corporation and Continental Illinois National Bank.

Mr. Carter holds a Master’s in Architecture and a Master’s in Business Administration, both from the Massachusetts Institute of Technology. He received a Bachelor of Science degree in Architecture from the University of Michigan. Mr. Carter serves on the Visiting Committee of the MIT Sloan School of Management. In 2015, Mr. Carter received the MIT Sloan School Distinguished Alumni Award and served as the 2015 commencement speaker for the Sloan School MBA graduation.

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