Developers of Noteworthy Florida Projects Join Forces

Hunt Companies acquired a majority stake in Carter. The two have worked on significant Florida projects together.

Hunt and Carter most recently delivered the Prospect Lake Wire project, a mixed-use development in Lakeland, FL, and previously The DeSOTA, a luxury apartment community (photo) in Sarasota, FL.

With this change, Bob Peterson, long-time CEO 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.

Hunt’s support will enable Carter to expand its platform in mixed-use, residential development, and relationship-driven growth initiatives. The partnership aims to grow banking relationships and secure additional investment opportunities in key markets.