Carlton Strategic Ventures, LLC ("CSV") is Carlton Group's principal investment business. CSV makes opportunistic and value-add investments in all asset types (office, retail, multi-family, hospitality and industrial/warehouse), joint ventures or preferred equity investments.  CSV also actively invests in opportunistic first mortgage loans and B-pieces, mezzanine loans, B-notes, participation interests, distressed/sub-performing debt, and defaulted senior and subordinate loans. 

CSV was created by Carlton's Chairman, Howard L. Michaels and is co-headed by Dax Scharfstein, Managing Director and General Counsel. Michael J. Campbell, Partner in addition to, John I. Bralower, Managing Director and President of the Carlton Hospitality Group, is also on the CSV Investment Committee.

CSV has two primary areas of focus:

• Investing on behalf of the Carlton Group's account either directly or in partnership with Carlton clients; and
• Investment management, including the raising, co-investment and managing of CSV- and/or client-sponsored real estate funds.

CSV invests its own capital as well as capital from high net worth and institutional investor clients and partners - a network of domestic and international relationships that has been developed over the last twenty years.

An example of a strategic alliance with one of CSV’s institutional partners is CSV Capital, LLC (“CSV Capital”), a newly formed joint venture between CSV and a major insurance company. CSV Capital was created to fill the void in the lending market between 65% and 85% in the capital structure in the form of mezzanine and preferred equity loans. The venture will target cash flowing properties in major markets across the country. In addition, the venture will also acquire secondary b-notes, mezzanine and preferred equity loans. Initially, the venture will be capitalized with $400 million in funding focusing primarily on floating rate and select fixed rate opportunities.

CSV's highly talented team of professionals has extensive backgrounds in real estate investment, acquisitions, finance, law, and asset management. The team oversees the acquisition, management, redevelopment, leasing, marketing, financing and sale of its projects.

Currently Owned Properties:

Dobie Center A 234,500 sf, 27-story, 975-bed Class A Student Housing Tower in Austin, TX. 68,600 sf, two-story retail mall and 668-space parking garage also acquired. The property is located adjacent to the University of Texas, on Guadalupe Street, the main thoroughfare. Building amenities include; full service dining hall, pool and sundeck, spa, computer center, fitness center, basketball and volleyball courts, theatre room, and laundry facilities.
600 Community Drive A 252,000 sf, Class A triple net-leased Office building in Manhasset, Long Island, NY. CMP Media, LLC, a world-leading technology publishing company, S&P rated “BBB” is the tenant. The floorplates are 70,000 square feet and feature center-core elevators banks. The property includes 975 parking spaces consisting of outdoor surface parking and three levels of structured parking. Located in the desirable Great Neck/Manhasset submarket where vacancy has remained historically low.
260 Industrial Way West A 131,000 sf Office property in Eatontown, NJ. The property is triple net leased to Tyco International, Ltd. (S&P Rated “BBB+”) The building is on 15.8 acres of land and includes 935 parking spaces. Located within the highly desirable Industrial Way submarket which is home to many high-tech businesses.