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Private equity exec sold this Palm Beach home and bought another
Edward Carter sold a house for $15M and bought the other one for $8M near Worth Avenue
A private equity executive sold his Palm Beach estate for $15.3 million — downsizing to another house he bought for $8.1 million near Worth Avenue.
Edward Carter, CEO and co-founder of the private equity firm TCG Financial Partners, sold the 6,616-square-foot home at 320 Barton Avenue for $2,312 per square foot, records show.
A company tied to Lara George of Bethesda, Maryland bought the house. George’s company MCM Capital buys residential mortgages.
Carter paid $3.2 million for the property in 2007, records show. He built the home on the site the same year.
Carter was Bank of America’s former head of corporate and investment banking. He founded his current firm, TCG Financial Partners, in 2004, along with William Cohen, the former U.S. defense secretary.
Carter sold the Palm Beach house about the same time he purchased a 4,582-square-foot home at 130 Chilean Avenue in Palm Beach, records show. Carter paid $8.06 million for the home, which equates to $1,759 per square foot.
Carter bought it from Glen Senk, a long-time apparel industry executive, who was previously CEO of David Yurman Enterprises and CEO of Urban Outfitters. Senk paid $4.9 million for the house in 2017.
The Chilean Avenue home is near Worth Avenue. It was originally constructed in 1925 and has gone through extensive renovations.