An affiliated group of privately-owned, multi-state real estate investment companies established in 1927.

As a fourth-generation family owned firm, Carnegie has a long history of sustained profitability and positive cash flow. Carnegie currently owns or holds significant financial interests in over 45 properties located in Arkansas, California, Colorado, Florida, Illinois, Indiana, Louisiana, Michigan, Mississippi, New York, and Ohio.

Carnegie’s portfolio is principally comprised of multi-tenant retail, but also includes multi-family, industrial, parking garages, and undeveloped land. Carnegie typically manages its properties with a long-term orientation. In fact, the company has owned and operated certain properties in excess of forty years.

Throughout its four-generation history, Carnegie has continuously strived to provide the highest level of integrity and service to our employees, tenants, brokers, investors, lenders, and transactional partners.
Carnegie maintains a moderate investment strategy by purchasing existing value-add opportunities which maximize upside potential while limiting downside risk. The company has a conservative capital structure with a number of its properties owned debt-free while existing debt is typically non-recourse and property-specific. It is the company’s philosophy to seek enhanced returns through intensive management with an orientation of long-term ownership.
Since 1927, Carnegie and its coworkers have contributed time and financial resources to improve the communities where we live and work.
Carnegie is an “approved” purchaser and borrower of the F.D.I.C. (and its predecessor, the R.T.C.), H.U.D., and various other major institutional lenders. Carnegie has the in-house capability to complete substantial transactions by using its own cash resources, drawing down existing bank lines of credit, and/or by involving additional equity participation from investors.

Carnegie currently owns or holds significant financial interests, in over 45 properties.

AL AK AZ AR CA CO CT DE FL GA HI ID IL IN IA KS KY LA ME MD MA MI MN MS MO MT NE NV NH NJ NM NY NC ND OH OK OR PA RI SC SD TN TX UT VT VA WA WV WI WY DC

Carnegie Company’s Growth Strategy

  • Identification of acquisition candidates which provide above-average overall returns (current cash flow and/or capital gain opportunity) with moderate down-side risk.
  • Acquisition of properties only after completion of a methodical due diligence process, including: site visits, market studies, environmental investigations and title/survey review.
  • Utilization of strict management and accounting controls for each property acquired.
  • Provision of all properties with professional and readily accessible on-site management and maintenance personnel.
  • Scheduled and on-going tenant dialogue and lease review.
  • Annual revenue planning and capital budgeting resulting in implementation of scheduled property improvements and preventative repair/maintenance programs.

Carnegie Offices

Over 45 properties, Read What Others Have To Say…

“Seasoned pros who are very deliberate and close as expected.”
Scott Wiles, Scott J. Wiles Vice President Investments Senior Director, National Retail Group at Marcus & Millichap
“Carnegie has been a great partner over the years for KeyBank Real Estate Capital as long term owners of a conservatively financed real estate portfolio with an enviable capital structure and strong liquidity position.”
Bob Sawitzke, Sr. Vice-President at Key Bank
“They are team players in closing deals and focus on every detail assuring that negotiations run smoothly. Tenants are treated fairly with an extremely responsive management team on their side.”
David Stein, Passov Real Estate Group
“The office turned out better than we ever imagined… the entire process was such a great experience. Thank you for all your help over the last few months.”
Josie Kosunick, O.D., BroadViewEye Center