As CFO, Mr. Carter oversees all financial management functions including accounting, reporting, fund administration and treasury.

Prior to joining Penzance, Mr. Carter served as the Chief Accounting Officer and Treasurer for Watermark Lodging Trust, a REIT that invested in luxury and upscale hotels and resorts throughout the US.  He helped lead Watermark Lodging Trust through the merger of two REITs in order to form the company and complete the transition from W. P. Carey, the previous advisor to the two REITs, both of which Mr. Carter had served as Chief Accounting Officer.  Prior to joining W. P. Carey, he had been the controller at Hospitality Investors Trust and Global Net Lease.  Before that, he was a senior manager in Ernst & Young’s real estate assurance group in New York, having worked in their London and Vancouver offices. 

Mr. Carter received his Bachelor of Commerce in Accounting from the University of British Columbia and is a licensed Certified Public Accountant in New York and a member of the Chartered Professional Accountants of Canada (CPA, CA).