{"id":1004796650,"date":"2026-05-01T10:26:10","date_gmt":"2026-05-01T18:26:10","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004796650"},"modified":"2026-05-08T13:07:47","modified_gmt":"2026-05-08T21:07:47","slug":"how-carr-properties-is-rebuilding-around-the-customer","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/","title":{"rendered":"How Carr Properties Is Rebuilding Around the Customer"},"content":{"rendered":"\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a7a16d05ab5c&quot;}\" data-wp-interactive=\"core\/image\" class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"900\" data-attachment-id=\"1004796659\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/one_congress\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png\" data-orig-size=\"1200,900\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"One_Congress\" data-image-description=\"&lt;p&gt;Image received for the May 2026 Magazine&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Corporate Profile. Image courtesy of Carr Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png\" alt=\"One Congress, a 43-story trophy office tower in Boston\" class=\"wp-image-1004796659\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png?resize=300,225 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png?resize=768,576 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png?resize=1024,768 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">A joint venture between Carr Properties,&nbsp;National Real Estate Advisors&nbsp;and&nbsp;The HYM Investment Group delivered One Congress, a 43-story trophy office tower in Boston, in 2023. <em>Image courtesy of Carr Properties<\/em><\/figcaption><\/figure>\n\n\n\n<p>Carr Properties doesn\u2019t like using the word \u201ctenant,\u201d reasoning that it&#8217;s too contractual, too transactional.<\/p>\n\n\n\n<p>Instead, the firm prefers to call its occupants \u201ccustomers.\u201d The distinction, according to Senior Vice President of Operations Linda Cogburn, is what enables the \u201cCarr Experience,\u201d the company\u2019s name for its style of property management that emphasizes personal interactions and a premium experience.<\/p>\n\n\n\n<p>The company began using the term in 2019 at The Hub, a Class A office property in Washington, D.C.\u2014before top-notch amenities and hospitality-like service became table stakes for premier space\u2014and today it refers to consistency across the portfolio.<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<div class=\"wp-block-buttons is-layout-flex wp-block-buttons-is-layout-flex\">\n<div class=\"wp-block-button\"><a class=\"wp-block-button__link has-fl-body-text-color has-text-color has-background wp-element-button\" href=\"https:\/\/mydigitalpublication.com\/publication\/?i=864543\" style=\"background-color:#1bb1ae\" target=\"_blank\" rel=\"noreferrer noopener\"><strong>READ THE MAGAZINE<\/strong><\/a><\/div>\n<\/div>\n\n\n\n<div style=\"height:20px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p>The \u201cCarr Experience\u201d is also a guiding principle as the company refocuses its strategy following the 2025 exit of longtime institutional partner J.P. Morgan Asset Management. The company has shed some assets while it concentrates on higher-quality redevelopment-driven opportunities. In recent years, Carr has also begun diversifying into multifamily, partnering with other companies to acquire obsolete office buildings, demolish the properties and redevelop them into apartment homes.<\/p>\n\n\n\n<p>Currently, the firm maintains a relatively tight but growing portfolio of eight owned properties across the Boston, Washington, D.C., and Austin markets, and manages eight more assets for third parties.<\/p>\n\n\n\n<p>\u201cWe\u2019re really dedicated to creating an amazing experience for our customers,\u201d shared Oliver Carr, founder &amp; CEO of Carr Properties. \u201cThat could be a customer working in an office building or it could be a resident at one of our multifamily projects.\u201d<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a7a16d05c1c7&quot;}\" data-wp-interactive=\"core\/image\" class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"800\" data-attachment-id=\"1004796660\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/exterior-photo-of-the-wilson-in-bethesda-md\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/TheWilson_Bethesda.jpg\" data-orig-size=\"1200,800\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;8&quot;,&quot;credit&quot;:&quot;Jeffrey Sauers&quot;,&quot;camera&quot;:&quot;NIKON D850&quot;,&quot;caption&quot;:&quot;Architectural image of The Wilson office building in Bethesda MD by Jeffrey Sauers of CPI Productions&quot;,&quot;created_timestamp&quot;:&quot;1624438136&quot;,&quot;copyright&quot;:&quot;Copyright 2021 Jeffrey Sauers&quot;,&quot;focal_length&quot;:&quot;18&quot;,&quot;iso&quot;:&quot;64&quot;,&quot;shutter_speed&quot;:&quot;0.033333333333333&quot;,&quot;title&quot;:&quot;Exterior Photo of The Wilson in Bethesda MD&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Exterior Photo of The Wilson in Bethesda MD\" data-image-description=\"&lt;p&gt;Image received for the May 2026 Magazine&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Carr Properties completed The Wilson, a 348,000-square-foot office tower in Bethesda, Md., in 2021, and plans to continue developing trophy office buildings while also investing in upgrades to older assets. Image by Jeffrey Sauers; courtesy of Carr Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/TheWilson_Bethesda.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/TheWilson_Bethesda.jpg\" alt=\"Architectural image of The Wilson office building in Bethesda MD by Jeffrey Sauers of CPI Productions\" class=\"wp-image-1004796660\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/TheWilson_Bethesda.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/TheWilson_Bethesda.jpg?resize=300,200 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/TheWilson_Bethesda.jpg?resize=768,512 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/TheWilson_Bethesda.jpg?resize=1024,683 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Carr Properties completed The Wilson, a 348,000-square-foot office tower in Bethesda, Md., in 2021, and plans to continue developing trophy office buildings while also investing in upgrades to older assets. <em>Image by Jeffrey Sauers; courtesy of Carr Properties<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-the-carr-experience\">The Carr Experience<\/h2>\n\n\n\n<p>In the post-pandemic world of hybrid work and commute-averse employees, having an office worth traveling to is crucial to success. According to Cogburn\u2014who joined Carr more than 13 years ago after over two decades working in property management\u2014the firm\u2019s property management strategy emphasizes community gatherings and personal interactions.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a7a16d05ce44&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"1200\" data-attachment-id=\"1004796665\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/oliver_carr\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Oliver_Carr.jpg\" data-orig-size=\"1200,1200\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"Oliver_Carr\" data-image-description=\"&lt;p&gt;Image received for the May 2026 Magazine&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Oliver Carr, founder &#038; CEO of Carr Properties, comes from a long line of Washington, D.C., real estate developers. He originally sought to work in corporate finance but later took an interest in the commercial real estate industry. Image courtesy of Carr Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Oliver_Carr.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Oliver_Carr.jpg\" alt=\"Oliver_Carr\" class=\"wp-image-1004796665\" style=\"width:300px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Oliver_Carr.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Oliver_Carr.jpg?resize=150,150 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Oliver_Carr.jpg?resize=300,300 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Oliver_Carr.jpg?resize=768,768 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Oliver_Carr.jpg?resize=1024,1024 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Oliver Carr, founder &amp; CEO of Carr Properties, comes from a long line of Washington, D.C., real estate developers. He originally sought to work in corporate finance but later took an interest in the commercial real estate industry. <em>Image courtesy of Carr Properties<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>\u201cWhat we\u2019re doing is working to establish customers for life,\u201d said Cogburn, who joined our virtual interview from the conference center at Carr\u2019s 200 State St. office building in Boston. \u201cWe want to ensure that our customers have a much different experience than at any other property.\u201d<\/p>\n\n\n\n<p>Carr\u2019s approach to property management is rooted in what it calls \u201cdistinguished hospitality,\u201d which Cogburn said is the way the firm\u2019s employees handle interactions with customers. Each year, Carr associates\u2014including security officers, parking attendants and janitorial supervisors\u2014undergo 15 hours of specialized training on how to best interact with customers.<\/p>\n\n\n\n<p>Additionally, property management employees meet every two weeks to discuss distinguished hospitality, sharing recent feedback from customers and going over what\u2019s working or what needs improvement.<\/p>\n\n\n\n<p>Cogburn said this emphasis on human and culture development is how Carr is able to maintain a consistent customer experience across its portfolio\u2014something she sees as a strategic advantage.<br>\u201cYou can replicate design. You can build the greatest fitness center,\u201d she commented. \u201cBut what you can\u2019t do is replace our people.\u201d<\/p>\n\n\n\n<div class=\"wp-block-group cmw-cpe-newsletter\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group cmw-cpe-newsletter-content\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<div class=\"wp-block-group cmw-cpe-newsletter-content-img\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<figure class=\"wp-block-image size-full is-resized\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"1200\" data-attachment-id=\"1004794779\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/cpe-sneak-peek-square\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg\" data-orig-size=\"1200,1200\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"CPE Sneak Peek square\" data-image-description=\"&lt;p&gt;CPE Sneak Peek Newsletter Preview&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;CPE Sneak Peek Newsletter Preview&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?w=1024\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg\" alt=\"CPE Sneak Peek Newsletter Preview\" class=\"wp-image-1004794779\" style=\"width:88px;height:auto\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=150,150 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=300,300 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=768,768 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/CPE-Sneak-Peek-square.jpg?resize=1024,1024 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><\/figure>\n<\/div><\/div>\n\n\n\n<div class=\"wp-block-group cmw-cpe-newsletter-content-text\"><div class=\"wp-block-group__inner-container is-layout-constrained wp-block-group-is-layout-constrained\">\n<h2 class=\"wp-block-heading\" id=\"h-cpe-sneak-peek-newsletter\">CPE Sneak Peek Newsletter<\/h2>\n\n\n\n<p>Be the first to receive exclusive insights, data-backed analysis and expert commentary. Early access, every week.<\/p>\n<\/div><\/div>\n<\/div><\/div>\n\n\n\n<form class=\"cmw-inline-newsletter\" action=\"https:\/\/whatcounts.com\/bin\/listctrl\" method=\"POST\">\n  <input type=\"hidden\" name=\"slid\" value=\"5C84B893BD6D939E33A6A73C89655EA8\" \/>\n  <input type=\"hidden\" name=\"cmd\" value=\"subscribe\" \/>\n  <input type=\"hidden\" name=\"wxuiversionfirst\" value=\"\" \/>\n \n  <input type=\"hidden\" name=\"errors_to\" value=\"\" \/>\n\n  <label class=\"sr-only\" for=\"email\">Email<\/label>\n  <input type=\"email\" id=\"email\" name=\"email\" required maxlength=\"65\"\n         placeholder=\"Your email address\"\n         oninvalid=\"this.setCustomValidity('Please enter a valid email address')\"\n         oninput=\"this.setCustomValidity('')\"\/>\n\n  <button type=\"submit\">Sign up now<\/button>\n<\/form>\n<\/div><\/div>\n\n\n\n<p>Carr\u2019s focus on customer experience and <a href=\"https:\/\/www.commercialsearch.com\/news\/beyond-aesthetics-prioritizing-well-being-in-workplace-design\/\">workplace well-being<\/a> is what attracted The HYM Investment Group to partner with the firm on the development of One Congress, a 1 million-square-foot trophy office tower in Boston that opened in 2023. The 43-story building includes a triple-height lobby, spanning an entire city block in length, which includes a dedicated concierge service, collaborative workspaces and a coffee bar.<\/p>\n\n\n\n<p>\u201cWe thought of (One Congress) as sort of a typical office building,\u201d noted Tom O\u2019Brien, CEO of HYM. \u201c(Carr) had a vision for it that made some of the public places in that office building feel more like a high-end hotel.\u201d<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a7a16d05e5f8&quot;}\" data-wp-interactive=\"core\/image\" class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1200\" height=\"858\" data-attachment-id=\"1004796661\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/untitled-design-1\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/1401_NewYorkAve.jpg\" data-orig-size=\"1200,858\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;April Miller&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;Untitled design - 1&quot;,&quot;orientation&quot;:&quot;1&quot;}\" data-image-title=\"1401_NewYorkAve\" data-image-description=\"&lt;p&gt;Image received for the May 2026 Magazine&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Carr Properties worked with Barings to acquire 1401 New York in Washington, D.C., earlier this year. Image by April Miller; courtesy of Carr Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/1401_NewYorkAve.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/1401_NewYorkAve.jpg\" alt=\"1401 New York in Washington, D.C.,\" class=\"wp-image-1004796661\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/1401_NewYorkAve.jpg 1200w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/1401_NewYorkAve.jpg?resize=300,215 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/1401_NewYorkAve.jpg?resize=768,549 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/1401_NewYorkAve.jpg?resize=1024,732 1024w\" sizes=\"auto, (max-width: 1200px) 100vw, 1200px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Carr Properties worked with Barings to acquire 1401 New York in Washington, D.C., earlier this year. <em>Image by April Miller; courtesy of Carr Properties<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-all-in-the-family\">All in the family<\/h2>\n\n\n\n<p>Carr comes from a long line of D.C. real estate developers. He is the son of Oliver Carr Jr., the centenarian chairman &amp; former CEO of CarrAmerica, a firm that specializes mainly in hotels and mixed-use assets.<\/p>\n\n\n\n<p>While Carr originally sought a career in corporate finance, he later earned a master\u2019s degree in real estate development from Massachusetts Institute of Technology and \u201cfell in love with the business.\u201d He co-founded what would later become Carr Properties in the late 1990s with two of his classmates.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a7a16d05f10d&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"250\" height=\"250\" data-attachment-id=\"1004796663\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/austen_holderness\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Austen_Holderness.jpg\" data-orig-size=\"250,250\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Austen_Holderness\" data-image-description=\"&lt;p&gt;Image received for the May 2026 Magazine&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Austen Holderness, executive vice president &#038; chief development officer at Carr Properties, said the firm takes its development responsibilities very seriously. Image courtesy of Carr Properties &lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Austen_Holderness.jpg?w=250\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Austen_Holderness.jpg\" alt=\"Austen_Holderness\" class=\"wp-image-1004796663\" style=\"width:300px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Austen_Holderness.jpg 250w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Austen_Holderness.jpg?resize=150,150 150w\" sizes=\"auto, (max-width: 250px) 100vw, 250px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Austen Holderness, executive vice president &amp; chief development officer at Carr Properties, said the firm takes its development responsibilities very seriously. <em>Image courtesy of Carr Properties <\/em><\/figcaption><\/figure><\/div>\n\n\n<p>After going public in 2005 as Columbia Equity Trust, the firm was taken private in 2007 by a fund managed by J.P. Morgan Asset Management. In 2013, Israeli firm Alony Hetz acquired a significant stake and, following J.P. Morgan\u2019s exit last year, became the company\u2019s majority owner. As part of its withdrawal, J.P. Morgan took three office properties with it.<\/p>\n\n\n\n<p>Now, with a new allocation of growth capital, the company is in a \u201crebuilding phase,\u201d according to Carr.<br>\u201cOffice has been through a hurricane, really, for the last five or six years,\u201d Carr said. \u201cWe\u2019ve come through that storm in pretty good shape, and now we have an allocation of growth capital from our investors and are back to playing offense.\u201d<\/p>\n\n\n\n<p>For office, the firm is seizing the post-pandemic flight-to-quality mindset that it has long been familiar with. The team focuses on what Carr called a \u201cgood-to-great\u201d strategy, acquiring existing office properties and upgrading them to Class A, highly amenitized trophy assets.<\/p>\n\n\n\n<p>In January 2026, the company partnered with Barings to <a href=\"https:\/\/www.commercialsearch.com\/news\/white-house-adjacent-office-asset-trades-for-85m\/\">acquire 1401 New York<\/a>, a 211,500-square-foot, 12-story office building in downtown Washington, D.C. The duo plans to upgrade the building\u2019s rooftop with a new event space, refinish the lobby and renovate other building amenities.<\/p>\n\n\n\n<p>\u201cBarings\u2019 strategy emphasizes cultivating relationships with best-in-class real estate operators and developers,\u201d shared Kevin Miller, head of&nbsp;Barings&#8217;&nbsp;U.S. real estate equity acquisitions. \u201cAnd our relationship with Carr Properties is aligned with this approach.\u201d<\/p>\n\n\n\n<p>Regarding the state of the D.C office market, Carr called it \u201cbifurcated.\u201d While the city\u2019s overall vacancy rate grew to 19.7 percent at the end of 2025, according to Yardi Matrix data, the figure for trophy-quality assets is hovering around 12 percent, Carr pointed out.<\/p>\n\n\n\n<p>\u201cIf a company needs a large block of space, say 100,000 feet, and they want to be on an upper floor of a trophy building, there\u2019s only a handful of options,\u201d he noted. \u201cThe high-quality segment of the market is actually very tight.\u201d<\/p>\n\n\n\n<p>Meanwhile, older, less-competitive office properties are seeing higher vacancy rates, making them candidates for office-to-residential conversions or full redevelopments. Carr is focusing on redevelopments for its multifamily strategy because of the design limitations when converting office buildings to residential.<\/p>\n\n\n\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a7a16d05fe48&quot;}\" data-wp-interactive=\"core\/image\" class=\"wp-block-image size-full wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"1920\" height=\"1072\" data-attachment-id=\"1004798226\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/1700-new-york-carr\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1700-New-York-Carr.jpg\" data-orig-size=\"1920,1072\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"1700-New-York-Carr\" data-image-description=\"&lt;p&gt;Image emailed from Berlin Rosen.&lt;\/p&gt;\n\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1700-New-York-Carr.jpg?w=1024\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1700-New-York-Carr.jpg\" alt=\"A photo of the rooftop at 1700 New York Ave.\" class=\"wp-image-1004798226\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1700-New-York-Carr.jpg 1920w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1700-New-York-Carr.jpg?resize=300,168 300w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1700-New-York-Carr.jpg?resize=768,429 768w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1700-New-York-Carr.jpg?resize=1024,572 1024w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/05\/1700-New-York-Carr.jpg?resize=1536,858 1536w\" sizes=\"auto, (max-width: 1920px) 100vw, 1920px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">A staple of Carr office properties is unconventional meeting and event spaces, such as this rooftop sitting area at 1700 New York in Washington, D.C. <em>Image by Jeffrey Sauers; courtesy of Carr Properties<\/em><\/figcaption><\/figure>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-from-the-ground-up\">From the ground up<\/h2>\n\n\n\n<p>In addition to the firm\u2019s acquisition and renovation strategy, Carr has embarked on several prominent development projects in recent years. While most of its current ground-up developments are focused on multifamily, the company has built and delivered trophy office buildings across its three markets.<\/p>\n\n\n\n<p>\u201cWe look at a site, and we figure out who the customer base is for that site,\u201d reported Austen Holderness, executive vice president, chief development officer and a nearly 20-year veteran at the firm.<\/p>\n\n\n\n<p>Holderness pointed to Signal House, a 10-story creative office building in D.C.\u2019s Union Market district, as an example of this demographic targeting. Among the asset\u2019s amenities is a penthouse with a DJ booth, recording studio, karaoke bar and demonstration kitchen. In 2022, TikTok signed a 10-year, 50,000-square-foot lease at the building.<\/p>\n\n\n<div class=\"wp-block-image\">\n<figure data-wp-context=\"{&quot;imageId&quot;:&quot;6a7a16d060c2d&quot;}\" data-wp-interactive=\"core\/image\" class=\"alignright size-full is-resized wp-lightbox-container\"><img loading=\"lazy\" decoding=\"async\" width=\"400\" height=\"400\" data-attachment-id=\"1004796664\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/linda_cogburn\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Linda_Cogburn.jpeg\" data-orig-size=\"400,400\" data-comments-opened=\"0\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;,&quot;orientation&quot;:&quot;0&quot;}\" data-image-title=\"Linda_Cogburn\" data-image-description=\"&lt;p&gt;Image received for the May 2026 Magazine&lt;\/p&gt;\n\" data-image-caption=\"&lt;p&gt;Linda Cogburn, senior vice president of operations at Carr Properties, identified the company\u2019s focus on customer experience as a strategic advantage. Image courtesy of Carr Properties&lt;\/p&gt;\n\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Linda_Cogburn.jpeg?w=400\" data-wp-class--hide=\"state.isContentHidden\" data-wp-class--show=\"state.isContentVisible\" data-wp-init=\"callbacks.setButtonStyles\" data-wp-on-async--click=\"actions.showLightbox\" data-wp-on-async--load=\"callbacks.setButtonStyles\" data-wp-on-async-window--resize=\"callbacks.setButtonStyles\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Linda_Cogburn.jpeg\" alt=\"Linda_Cogburn\" class=\"wp-image-1004796664\" style=\"width:300px\" srcset=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Linda_Cogburn.jpeg 400w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Linda_Cogburn.jpeg?resize=150,150 150w, https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/Linda_Cogburn.jpeg?resize=300,300 300w\" sizes=\"auto, (max-width: 400px) 100vw, 400px\" \/><button\n\t\t\tclass=\"lightbox-trigger\"\n\t\t\ttype=\"button\"\n\t\t\taria-haspopup=\"dialog\"\n\t\t\taria-label=\"Enlarge\"\n\t\t\tdata-wp-init=\"callbacks.initTriggerButton\"\n\t\t\tdata-wp-on-async--click=\"actions.showLightbox\"\n\t\t\tdata-wp-style--right=\"state.imageButtonRight\"\n\t\t\tdata-wp-style--top=\"state.imageButtonTop\"\n\t\t>\n\t\t\t<svg xmlns=\"http:\/\/www.w3.org\/2000\/svg\" width=\"12\" height=\"12\" fill=\"none\" viewBox=\"0 0 12 12\">\n\t\t\t\t<path fill=\"#fff\" d=\"M2 0a2 2 0 0 0-2 2v2h1.5V2a.5.5 0 0 1 .5-.5h2V0H2Zm2 10.5H2a.5.5 0 0 1-.5-.5V8H0v2a2 2 0 0 0 2 2h2v-1.5ZM8 12v-1.5h2a.5.5 0 0 0 .5-.5V8H12v2a2 2 0 0 1-2 2H8Zm2-12a2 2 0 0 1 2 2v2h-1.5V2a.5.5 0 0 0-.5-.5H8V0h2Z\" \/>\n\t\t\t<\/svg>\n\t\t<\/button><figcaption class=\"wp-element-caption\">Linda Cogburn, senior vice president of operations at Carr Properties, identified the company\u2019s focus on customer experience as a strategic advantage. <em>Image courtesy of Carr Properties<\/em><\/figcaption><\/figure><\/div>\n\n\n<p>HYM\u2019s O\u2019Brien said that Carr\u2019s approach helped the partners secure State Street as One Congress\u2019 anchor tenant. The financial services firm signed a 510,000-square-foot, 15-year lease at the tower, and One Congress was fully preleased a year before its 2023 delivery. HYM and Carr also worked with National Real Estate Advisors on the development.<\/p>\n\n\n\n<p>\u201cI think the combination of our local knowledge and ability to get a project done, together with Carr\u2019s vision for the building, helped us land State Street,\u201d O\u2019Brien shared.<\/p>\n\n\n\n<p>And as the company dives deeper into multifamily, Carr will continue to employ this tailored approach, Holderness said. The firm currently has three multifamily projects in the pipeline across the D.C. metro, totaling more than 800 units. The first of those\u2014Margot, a 237-unit project in Alexandria, Va.\u2014is scheduled for completion by the end of 2026.<\/p>\n\n\n\n<h2 class=\"wp-block-heading\" id=\"h-charting-a-broader-path-forward\">Charting a broader path forward<\/h2>\n\n\n\n<p>As Carr Properties looks to the future, its CEO hopes the company\u2019s push into multifamily will help it diversify the brand while remaining true to what has set it apart.<\/p>\n\n\n\n<p>But that doesn\u2019t mean Carr will abandon office. Instead, it will continue to develop trophy-quality office buildings while also investing in upgrades to older assets. The leader describes this strategy as \u201cplaying on both sides of the challenged office market.\u201d<\/p>\n\n\n\n<p>He also reaffirmed the company\u2019s commitment to a unique, hospitality-focused customer experience\u2014whether for longtime office tenants or residents of the upcoming multifamily buildings.<\/p>\n\n\n\n<p>\u201cI hope we can look back and say that 2026 and the next several years were a time of real opportunity for the company,\u201d Carr said.<\/p>\n\n\n\n<p>And it does not take its role in shaping skylines lightly. Holderness emphasized the pressure the company feels when building a new tower and curating its amenities and features.<\/p>\n\n\n\n<p>\u201cWe do see it as kind of a civic responsibility to get these (projects) right, because they\u2019re going to be here forever,\u201d the development executive noted. \u201cWe have to live with them.\u201d<\/p>\n\n\n\n<div style=\"height:10px\" aria-hidden=\"true\" class=\"wp-block-spacer\"><\/div>\n\n\n\n<p class=\"has-text-align-center has-background\" style=\"background-color:#16a19a33\"><em><a href=\"https:\/\/mydigitalpublication.com\/publication\/?i=864543\" target=\"_blank\" rel=\"noreferrer noopener\">Read the May 2026 issue of CPE.<\/a><\/em><\/p>\n\n\n\n<p><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The firm is refocusing its office strategy and diving into multifamily.<\/p>\n","protected":false},"author":3810,"featured_media":1004796659,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[21782,1521,21783],"tags":[34275,33447,33607],"class_list":["post-1004796650","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-development","category-digital","category-investment","tag-barings","tag-carr-properties","tag-the-hym-investment-group"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>How Carr Properties Is Rebuilding Around the Customer - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"How Carr Properties Is Rebuilding Around the Customer\" \/>\n<meta property=\"og:description\" content=\"The firm is refocusing its office strategy and diving into multifamily.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2026-05-01T18:26:10+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2026-05-08T21:07:47+00:00\" \/>\n<meta name=\"author\" content=\"Matthew Kaufman\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/\"},\"author\":{\"name\":\"Matthew Kaufman\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/63cac94132ceff8b31d189996459d345\"},\"headline\":\"How Carr Properties Is Rebuilding Around the Customer\",\"datePublished\":\"2026-05-01T18:26:10+00:00\",\"dateModified\":\"2026-05-08T21:07:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/\"},\"wordCount\":1752,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/04\\\/One_Congress.png\",\"keywords\":[\"Barings\",\"Carr Properties\",\"The HYM Investment Group\"],\"articleSection\":[\"Development\",\"Digital Edition\",\"Investment\"],\"inLanguage\":\"en-US\"},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/\",\"name\":\"How Carr Properties Is Rebuilding Around the Customer - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/04\\\/One_Congress.png\",\"datePublished\":\"2026-05-01T18:26:10+00:00\",\"dateModified\":\"2026-05-08T21:07:47+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/63cac94132ceff8b31d189996459d345\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/04\\\/One_Congress.png\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2026\\\/04\\\/One_Congress.png\",\"width\":1200,\"height\":900,\"caption\":\"Corporate Profile. Image courtesy of Carr Properties\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/how-carr-properties-is-rebuilding-around-the-customer\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"How Carr Properties Is Rebuilding Around the Customer\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/63cac94132ceff8b31d189996459d345\",\"name\":\"Matthew Kaufman\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2025\\\/11\\\/MatthewKaufman-e1762250289483.jpg?w=96\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2025\\\/11\\\/MatthewKaufman-e1762250289483.jpg?w=96\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2025\\\/11\\\/MatthewKaufman-e1762250289483.jpg?w=96\",\"caption\":\"Matthew Kaufman\"},\"description\":\"Matthew Kaufman is an associate editor at Commerical Property Executive and Multi-Housing News, covering daily news and emerging real estate trends. He joined the team in 2025 after covering business and technology news for CNN. Matthew holds a B.A. in Journalism &amp; Professional Writing from The College of New Jersey.\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/matthew-kaufman\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"How Carr Properties Is Rebuilding Around the Customer - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/","og_locale":"en_US","og_type":"article","og_title":"How Carr Properties Is Rebuilding Around the Customer","og_description":"The firm is refocusing its office strategy and diving into multifamily.","og_url":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2026-05-01T18:26:10+00:00","article_modified_time":"2026-05-08T21:07:47+00:00","author":"Matthew Kaufman","twitter_card":"summary_large_image","twitter_image":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/"},"author":{"name":"Matthew Kaufman","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/63cac94132ceff8b31d189996459d345"},"headline":"How Carr Properties Is Rebuilding Around the Customer","datePublished":"2026-05-01T18:26:10+00:00","dateModified":"2026-05-08T21:07:47+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/"},"wordCount":1752,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png","keywords":["Barings","Carr Properties","The HYM Investment Group"],"articleSection":["Development","Digital Edition","Investment"],"inLanguage":"en-US"},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/","url":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/","name":"How Carr Properties Is Rebuilding Around the Customer - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png","datePublished":"2026-05-01T18:26:10+00:00","dateModified":"2026-05-08T21:07:47+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/63cac94132ceff8b31d189996459d345"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png","width":1200,"height":900,"caption":"Corporate Profile. Image courtesy of Carr Properties"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/how-carr-properties-is-rebuilding-around-the-customer\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"How Carr Properties Is Rebuilding Around the Customer"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/63cac94132ceff8b31d189996459d345","name":"Matthew Kaufman","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/MatthewKaufman-e1762250289483.jpg?w=96","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/MatthewKaufman-e1762250289483.jpg?w=96","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2025\/11\/MatthewKaufman-e1762250289483.jpg?w=96","caption":"Matthew Kaufman"},"description":"Matthew Kaufman is an associate editor at Commerical Property Executive and Multi-Housing News, covering daily news and emerging real estate trends. He joined the team in 2025 after covering business and technology news for CNN. Matthew holds a B.A. in Journalism &amp; Professional Writing from The College of New Jersey.","url":"https:\/\/www.commercialsearch.com\/news\/author\/matthew-kaufman\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2026\/04\/One_Congress.png","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004796650","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/3810"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004796650"}],"version-history":[{"count":10,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004796650\/revisions"}],"predecessor-version":[{"id":1004798229,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004796650\/revisions\/1004798229"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004796659"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004796650"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004796650"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004796650"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}