Avanath Capital Management founder, chairman, and CEO Daryl Carter. (Avanath Capital)

On a recent summer afternoon in Manhattan, Daryl Carter, founder, chairman and CEO of Irvine, California–based Avanath Capital Management and a member of the ULI Global Board, was walking along Lexington Avenue when he—like a superstar—got recognized on the street. The passerby, who previously worked at Freddie Mac, simply wanted a minute of Carter’s time.

Carter—who began his career 41 years ago, in the real estate department of Continental Illinois Bank in Chicago, and who is always a ready advocate for people of color in the industry—was in New York on business and happy to oblige.

“We started talking right then and there, but, you know, we need the pipeline of people coming in,” he says. “It should be addressed on multiple fronts. One [front] is getting more people­—young folks of color—into the industry, and mentoring them, so they can rise in the industry. One of the reasons that we’re very diverse is that I keep an eye on talent.”

View the full article by Karen Jordan here