SAN FRANCISCO, CA, April 2, 2021—Daryl J. Carter has been elected to the Board of Directors of BRIDGE Housing, a leading nonprofit developer, owner and manager of affordable housing.
Mr. 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. Since its formation in 2008, Avanath has acquired $3 billion of properties in 13 states in the U.S., comprising 12,000 apartment units.
Mr. Carter has 40 years of experience in the commercial real estate industry. Previously, he was an Executive Managing Director of Centerline Capital Group, which acquired his company, Capri Capital Finance, in 2005. Mr. Carter co-founded and served as Co-Chairman of the Capri Capital family of companies, where he was instrumental in building Capri to a diversified real estate investment firm with $8 billion in real estate equity and debt investments under management. Prior to Capri, Mr. Carter was Regional Vice President at Westinghouse Credit Corporation and a Second Vice President at Continental Bank.
Mr. Carter holds a Bachelor of Science degree in Architecture from the University of Michigan, and received a Master’s in Architecture and a Master’s in Business Administration, both from the Massachusetts Institute of Technology. Mr. Carter serves on the Visiting Committee of the MIT Sloan School of Management and is a Past Chairman of the National Multifamily Housing Council.
“We are honored to welcome Daryl to our board,” said Kenneth Novack, Chairman of the BRIDGE Board of Directors. “He’s a visionary leader whose depth and breadth of experience will add great value to our mission of strengthening communities and improving people’s lives.”