andy

Credentials:

  • 21 Years Commercial & Residential Development Experience
  • Education Obtained at SMU, Cox School of Business
  • 19 Years Licensed by the Texas Real Estate Commission
Prior to the formation of Maker Bros., Andy Carnahan was the founder and managing partner at Foresite Development, an urban infill development company. There, he performed and managed the top-to-bottom real estate development function for the company – including compiling market research and site identification, negotiating land acquisitions, overseeing planning and design (architectural, engineering, MEP), analysis of site zoning and related local building codes, as well as securing entitlements.

During his career, he has procured a variety of financing including: equity, recourse and non-recourse debt, mezzanine debt and HUD loans. In addition, Andy has acted as general contractor for many of his developments, which consist of various types and styles of mixed-used commercial buildings, apartments, townhomes and condominiums. His commitment to each development overflows into the marketing, leasing and/or sales arena as well. During his tenure at Foresite Development, Andy developed and executed $100MM worth of real estate projects.

In addition to Maker Bros., Andy retains an ownership interest in PCI | HealthDev, a healthcare focused real estate development company with offices in Dallas and Denver. He has helped PCI build a company with a development and construction platform that has successfully constructed medical clinics in 22 states over the past three years valued at over $125MM.

Andy’s real estate career started as a junior developer at First Worthing Company, a multi-family development, construction and management company located in Dallas, Texas. First Worthing was a very active developer in the Texas Market for more than 30 years.

Andy studied Finance and Real Estate Finance in the Cox School of Business at Southern Methodist University in Dallas.

Relevant Experience:

Maker Bros. – Partner
PCI HealtDev – Partner
ATC Investments – Managing Partner
Foresite Development – Managing Partner
First Worthing Company – Developer
 

REPRESENTATIVE PROJECTS COMPLETED:

Nikko
$15.6 Million, 60 Units – Lux Urban Multi-Family
Haven
$21.4 Million, 45 Units – Lux Urban Multi-Family
The Sullivan on Gilbert
$7.5 Million, 30 Units – Lux Urban Multi-Family
The 19
$4.8 Million, 19 Units – Lux Urban Multi-Family
Vallera
$7.9 Million, 27 Units – Lux Urban Multi-Family
Deep Duece
$29.5 Million, 294 Units – Urban Multi-Family
Arbors on Saratoga
$26.5 Million, 252 Units – Garden Style
Infill Townhomes, 50 Units
$17.5 Million – Urban Single Family Attached
PCI | HealthDev
$125MM, Various States, Medical Clinics