Committed To Success

Kurt WhaleyBrent Carrier, Vice President, Development

Mr. Carrier has just recently completed a very successful environmental remediation and BSA Hardship Variance on a nearby 1.5 acre parcel in partnership with Jeremiah W. O'Connor, Jr., wherein he created 375,000SF of residential and dormitory FAR from what was originally allowable as 142,000SF of primarily industrial FAR. He also won accolades from the NYS DEC for his successful remediation of land formerly encumbered by an EPA deed restriction against future development.

Prior to working with Mr. O'Connor and O'Connor Capital Partners, Mr. Carrier served as president of Vernon Realty Holding, LLC, where he assembled, entitled and developed residential property in New York City and the surrounding area. His largest project at Vernon Realty was the River East development in Long Island City, which Vernon Realty purchased for $24 million in 2004 and was placed under contract to sell for $183 million in 2006, Mr. Carrier created much of this value through his entitlement and development expertise.

Mr. Carrier entered the real estate development business in 1989 with the Eliot Savings Bank where he served as the Vice President of Asset Management. His primary responsibilities included completing aborted residential condominium conversions and master planned communities. Until 1992, he also served as a manager for the RTC, overseeing the resolution of five major golf course developments on Cape Cod, MA. He then joined Fleet Financial Group and served as Vice President of Fleet Real Estate Capital until 1996 where his responsibilities included distressed loan workouts along with redeveloping and repositioning incomplete and often speculative developments. As a principal of Chessed, LLC in New York, from 1997 to 1999 he developed the luxury residential conversion project at 66 Leonard Street. From 2000 to 2003 he served as both Director of Asset Management for W.P. Carey and Executive Vice President of their wholly owned affiliate, Emerald Development. There he oversaw both the lease negotiations and the build-to-suit development of over $2 billion of new acquisitions and developments, primarily office and industrial projects, throughout the United States, France and England. Additionally, he developed the first new public high school in Los Angeles in over 30 years – from concept through completion (including a significant environmental remediation.)

A native of Michigan, he received a B.S. in Business Administration (Finance) from Central Michigan University and a M.S. in Real Estate Development from the Massachusetts Institute of Technology.