Financial Services >> CEO Interviews >> March 24, 1999
A highly respected industry leader, C. CAMMACK MORTON joined the company
as chief operating officer in 1996 and was elected Chief Executive
Officer, effective January of 1997. With more than 18 years of
experience in the shopping center industry, Mr. Morton is leading
Konover Property Trust's overall growth strategies. Under his direction,
the company has been reorganized into a more structured shopping center
management company with defined departments which include
finance/accounting, development, leasing, investor relations,
management, marketing, and legal. Since joining Konover Property Trust,
Mr. Morton has focused on three primary tasks: bringing on board
individuals with shopping center expertise, stabilizing the properties,
and strategizing a diversification plan for the company to position it
for growth. As part of the diversification strategy, his efforts have
resulted in the purchase of and the placing under contract of
approximately $180 million of shopping center assets, which included the
$100 million acquisition of Konover & Associates, South. He was also
instrumental in obtaining a $200 million strategic investment from an
affiliate of Lazard Freres. Mr. Morton oversees the Konover Property
Trust's portfolio of over 9.9 million square feet. The growing portfolio
encompasses over 7o shopping centers which are either owned, operated,
under contract, or under development by the company. Previously, he was
managing director of Rothschild, Realty, Inc. While at Rothschild, he
founded Charter Oak Partners, a wholly owned subsidiary of Rothschild
engaged in the development and management of shopping centers. As
chairman, president, and chief executive officer, he developed Charter
Oak partners to be one of the largest privately held developer/manager
of outlet properties. Previously, Mr. Morton was president of retail
development for Western Development Corp., predecessor to The Mills
Corp., where he headed the team that created Potomac Mills outside
Washington, DC. He was senior vice president at Federal Realty
Investment Trust as part of the team that created its
development/manager arm. He was also formerly vice president,
development at Kravco. Mr. Morton is a member of the Retail Advisory
Board for Value Retail News, a unit of the International Council of
Shopping Centers and the Retail Advisory Board for 'Shopping Center
World' a major shopping center industry publication. He earned a B.A.
degree from Hampden-Sydney College, an M.S.A. degree with honors from
the University of Florida, and an M.B.A. degree with honors from East
Carolina University. Profile
your company. The sector of the market you focus on, your geography,
business segments, those kinds of things, please.
