Carnegie Companies is an affiliated
group of privately-owned, multi-state real estate investment
companies. The oldest in this group of professionally managed and
family-owned firms was established in 1927.
Carnegie currently owns or holds significant financial interests in
over 40 properties located in Ohio, Indiana, Florida, Missouri,
Illinois, New York, Colorado, and California. The company
self-manages its properties and prides itself on being a "hands-on"
owner with a strong focus on details. The current portfolio includes
shopping centers, apartment complexes, mobile home parks,
office/warehouse space, 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 thirty years.
As a third-generation owned firm, Carnegie has a long history of
sustained profitability and positive cash flow. Financially,
Carnegie is conservatively structured with a number of its
properties owned debt-free. Existing debt is typically nonrecourse
and/or property specific in nature. The company has the in-house
capability to complete substantial transactions by involving
additional equity participation. Additionally, 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