Carleton Residential Properties

Carleton Residential Properties owns, develops, and builds high-quality multifamily assets across the South and Southwest United States. We provide a fully-integrated approach to all aspects of this market by successfully executing a conservative strategy across varying market cycles. For almost 25 years, Dallas-based Carleton has developed more than 20,000 multifamily units. Through our financial arm, we manage a broad portfolio of investments. Carleton’s most senior professionals average more than a decade with us, and our three partners have close to 100 years of combined industry experience. These strong human and financial resources have guided Carleton to the top of its field. The Carleton Residential Properties family of companies is an equal opportunity employer and is certified as a Historically Underutilized Business entity.

Real Estate Specialization
Multifamily
Affordable Housing
Investment Type
Equity syndication/Club Deal
JV partnership
Acquisition/Fee Simple
Investment Style
Value-add
Development
image
Partner/Principal & CEO

Printice Gary

Printice Gary is the founder and currently Managing Partner of Carleton Residential. His prior business experience includes Trammell Crow Residential as a Texas Division Partner for multifamily development; Centex Corporation as President of its Fox & Jacobs Home Building & Mortgage Banking subsidiary; and Investment Banking at Piper, Jaffray and Hopwood as a Vice President Corporate Finance. Mr. Gary currently serves on the Boards of Directors of the National Equity Fund, Inc., a Chicago-based Tax Credit Syndicator and Asset Manager; and, Oncor Electric Delivery, LLC, the largest regulated electricity Transmission and Distribution service provider in the state of Texas. Mr. Gary has also served on the governing boards of various state entities pursuant to appointments by the Governor of Texas including the North Texas Tollway Authority; the Texas State Reform Commission; the University of Texas System Board of Regents, where he was Chairman of the Facilities, Planning & Construction Committee; and on the Board of the University of Texas Investment Management Company and the Board for Lease of University of Lands. Mr. Gary is a graduate of Carleton College with a major in Economics and holds an MBA with a concentration in Finance from the Harvard Business School.

image
Partner, Chief Operating Officer

Neal R. Hildebrandt

Neal Hildebrandt is a Carleton Residential Partner and COO of Carleton Construction. Prior to joining Carleton, Mr. Hildebrandt was with Trammell Crow Company where he had construction and asset management responsibility for a portfolio of 2.6 million square feet of commercial real estate. Mr. Hildebrandt’s experience also includes several years with Trammell Crow Residential where he was responsible for the development and construction of multiple residential communities; and with Centex Corporation where he was a field Construction Project Manager with Direct responsibility for production. Mr. Hildebrandt is a graduate of Oklahoma State University where he earned a BS in Construction Engineering.

image
Partner, Director of Development

Jeff Fulenchek

Jeff Fulenchek is a Partner and the Director of Development for Carleton Residential Properties. Mr. Fulenchek began his career with Carleton in 1996 and directs the development activity for both Carleton’s affordable and market rate multifamily divisions. Prior to joining Carleton, Mr. Fulenchek had a wide range of real estate experience, including overseeing Securities and Exchange Commission reporting for several national real estate limited partnerships for a large real estate investment firm. Mr. Fulenchek holds a BBA in Accounting from Texas A&M University.

image
CFO of Carleton Residential, President of Salt River Capital

Holland Gary

Holland Gary is the CFO of Carleton Residential Properties, and the President of Salt River Capital, a real estate finance subsidiary. He is an experienced private equity investment professional with a background investing and managing private equity assets for some of the largest public pension plans in the nation. He was a Principal and COO at Aldus Equity, a private equity firm with $7 billion under management and formerly an affiliate of RREEF Alternative Investments, the global alternatives asset management business of Deutsche Bank’s Asset Management division. He served on the investment committee which deployed over $1 billion each year. Prior to Aldus Equity, Mr. Gary was an investment professional with Innovation Philadelphia, and worked with prominent Dallas area venture capital firms providing market research and due diligence. Mr. Gary began his career in a variety of operational management roles at venture-backed early stage companies, where he had responsibilities developing and managing enterprise software and web-based technologies for Fortune 500 companies including Whirlpool, Prudential, Bank of America, and Walmart. Mr. Gary is a graduate of the Greenhill School in the Dallas area where he currently serves on the Board of Trustees as Finance Committee Chair. He is also the current Chair of the Board of Directors for The da Vinci School. Mr. Gary is an active member of the Episcopal Church of the Incarnation where he currently serves on the Vestry. Mr. Gary earned an MBA in Finance and Entrepreneurial Management from the Wharton School of the University of Pennsylvania where he was a Joseph Wharton Fellow and Co-Chair of the Wharton Ethics Committee. He earned a BSE in Electrical Engineering from Princeton University where he was an All Ivy track and field athlete. Holland Gary lives in the Dallas, Texas area with his wife and two young children.

Salt River Capital

Key Focus Areas
Acquisitions Asset Management Construction Development Leasing Property Management Real Estate Investing Individual Investors
Geographical Area
Mapped Location