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 Ohio, Indiana, Florida, Mississippi, Illinois, New York, Colorado, Arkansas, Louisiana, and California. Carnegie’s portfolio is comprised mainly of shopping centers and additionally has or currently includes 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 forty years. 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 ongoing tenant dialogue and lease review. • Annual revenue planning and capital budgeting resulting in implementation of scheduled property improvements and preventative repair/maintenance programs.
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