Stephen J. Carlton


Stephen Carlton is the President of Starboard Realty Advisors, LLC, and Starboard Management Services LLC. With two decades of industry experience under his belt, he is a driving force behind the company’s equity raising, strategic development, asset management, and development endeavors.

Throughout his career, Mr. Carlton has demonstrated an exceptional aptitude for managing and developing both retail and multifamily properties. Overseeing more than $1 billion in acquisitions and $400 million in equity offerings, he has consistently achieved remarkable results. Before joining Starboard, Mr. Carlton held the position of head of Asset Management at Value Rock Partners. There, he spearheaded the acquisition, disposition, and successful execution of business plans for the entire property portfolio, contributing significantly to value-add properties. Additionally, he served as an Asset Manager for the New England and Florida properties at The Wilder Companies, a prominent national retail real estate development, management, and leasing firm based in Boston. During his tenure, Mr. Carlton skillfully managed properties totaling approximately 1.6 million square feet and played a vital role in the acquisition of the esteemed “Flatley” portfolio for around $500 million. He was also instrumental in the ground-up development of three shopping and lifestyle centers in the Orlando, Florida area, partnering with Invesco.

Before his time at Wilder, Mr. Carlton served as a CAM analyst for Heritage Property Investment Trust (HPIT), a publicly traded REIT headquartered in Boston, Massachusetts. During this role, he was involved in the management of a $3.2 billion portfolio consisting of 157 neighborhood and community shopping centers spanning across 27 states. With a proven history of accomplishments and an in-depth understanding of the real estate industry, Mr. Carlton continues to lead Starboard Realty Advisors and Starboard Management Services to new heights, making valuable contributions to their continued success.

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