Camm Morton

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Camm Morton
Born (1951-06-12) June 12, 1951 (age 67)
Birmingham, Alabama
Nationality American
Alma mater Hampden-Sydney College, University of Florida, East Carolina University
Occupation Businessman, Investment banker

Claude Cammack “Camm” Morton (born June 12, 1951) is an American businessman, investment banker and entrepreneur.

Early life & education[edit]

Morton was born in Birmingham, Alabama.[1] and is the son of Emily Cammack and Claude Morton Jr.[2] Claude Morton was a real estate professional for The Equitable Life Assurance Company. Throughout his long career, Claude Morton was subject to transfer, moving his family to New Orleans, Louisiana and then on to Richmond, Virginia.

Morton graduated from Huguenot High School of Richmond, Virginia in 1969.[3] In 1973, he earned his bachelor’s degree in economics from Hampden-Sydney College[4] in Hampden-Sydney, Virginia where he was a 4-year letterman in football, junior class president, Chairman of the Honor Council, Who’s Who in Colleges and Universities, and a member of the Kappa Alpha Fraternity. In 1976, Camm received his master of science in horticulture from the University of Florida in Gainesville, Florida and in 1980 earned his M.B.A. from East Carolina University in Greenville, North Carolina.[5]

Career[edit]

From 1976-1980, Morton worked for DuPont in Greensboro and Greenville, North Carolina as a sales representative while pursuing his M.B.A. In 1980, after graduating from East Carolina University, he accepted a position with Rhone-Poulenc in North Brunswick, New Jersey as a Product Manager.

In 1981, a chance meeting with the owners of Kravco Company—a Philadelphia-based regional mall developer—landed him a job as a department store relations manager working directly for Kravco President Bob Girling.[6]

Working as the President of Retail Development for Western Development Corporation, where Morton would apply his retail shopping center skills as the developer in charge of creating Potomac Mills, an outlet mall in Woodbridge, Virginia, in the Washington, D.C.[7] metropolitan area, Potomac Mills was later deemed “one of the most significant developments in retail” and was the prototype development of the Mills concept, In 1992 it was touted as the state’s top tourist destination[8]

Morton found his first company, Charter Oak Partners, in 1986.[5] Later affiliated with Rothschild Realty of New York, New York, where Morton later became a Managing Director, Charter Oak Partners grew to over 3.3 million square feet of retail assets through the development and acquisition of outlet properties across the United States. It was acquired by Tanger Factory Outlet Centers for $491 million.[9]

In 1994, Morton was hired as president and chief operating officer by Factory Outlets of America and later became the president and CEO.[5][10][11] In 1998 the company became Konover Property Trust[12][13] and in 2002, was acquired by Kimco Realty (NYSE: KIM)—a Real Estate Investment Trust (REIT) headquartered in New Hyde Park, New York owning and operating North America’s largest portfolio of neighborhood and community shopping centers—and Chelsea Property Group, Inc. (NYSE: CPG) of Roseland, New Jersey, which is now a subsidiary of retail giant Simon Property Group.[14][15][16]

In 2002, Morton was recruited by the Baton Rouge Area Foundation to manage its portfolio of commercial properties as president and CEO of Commercial Properties Development Corporation (CPDC).[17] While at CPDC, Morton proposed and steered its conversion to a “REIT”—Real Estate Investment Trust—and was instrumental in leading several significant redevelopment and revitalization projects including the renovation of a historic downtown property into the 300-room Hilton Baton Rouge Capitol Center.[18][19][20][21][22][23][24]

In 2007, Morton formed the hotel management company Ashby Hospitality in partnership with CPRT.[25]

Camm is the Principal/Owner of VR Baton Rouge—a business brokerage firm affiliated with VR Business Sales, VR Baton Rouge is based in Baton Rouge, Louisiana.[26]

References[edit]

  1. ^ "Morton, C. Cammack". Baton Rouge Business Report. Retrieved 12 August 2013. 
  2. ^ "Annual Scholarships". Hampden–Sydney College. Retrieved 12 August 2013. 
  3. ^ "Classmate Profiles". Huguenot High School. Retrieved 16 November 2015. 
  4. ^ "List of Hampden–Sydney College alumni". 
  5. ^ a b c "C. Cammack Morton". The Wall Street Transcript. Retrieved 12 August 2013. 
  6. ^ Linda Humphers (1995). "Camm Morton's easy energy fuels Charter Oak Partners". Value Retail News. XIII (6): 60. 
  7. ^ "Record of the Hampden-Sydney Alumni Association Summer 2000". Retrieved 5 November 2015. 
  8. ^ Laurie Kellman. "Residents get put through "The Mills"". The Washington Times. 
  9. ^ "Tanger completes $491M portfolio acquisition". The Business Journal. Retrieved 12 August 2013. 
  10. ^ "FAC REALTY TRUST, INC. ANNOUNCES APPOINTMENT OF C. CAMMACK MORTON AS CEO". The Free Library. Retrieved 12 August 2013. 
  11. ^ DeFranks, Teresa. "The Top 10 Outlet Owners & Managers". National Real Estate Investor. Retrieved 12 August 2013. 
  12. ^ "How Will E-Hubs Transform Your Business?". Chief Executive. Retrieved 16 November 2015. 
  13. ^ "FAC Realty becomes Konover Property Trust". Triangle Business Journal. Retrieved 12 August 2013. 
  14. ^ "The Weekend Real Estate Update at MF Yorick's Bar, Grill, and Real Estate Conversation Society". The Motley Fool. Retrieved 5 November 2015. 
  15. ^ "FAC boss charms Lazard, garners $200M backing". American City Business Journals. Retrieved 5 November 2015. 
  16. ^ KIRKPATRICK, DAVID D. "Lazard Bets on Shopping Centers With Major FAC Realty Purchase". The Wall Street Journal. Retrieved 5 November 2015. 
  17. ^ BOONE, TIMOTHY. "Camm Morton joins local commercial real estate firm". The Advocate. Retrieved 16 November 2015. 
  18. ^ "'Soft' downtown Baton Rouge hotel market poses key question: Time to pump brakes on new construction?". The Advocate. Retrieved 5 November 2015. 
  19. ^ Riegel, Stephanie. "Livin' large". Business Report. Retrieved 12 August 2013. 
  20. ^ "The Rainmaker". Business Report. Retrieved 12 August 2013. 
  21. ^ "A Second Chance". Business Report. Retrieved 12 August 2013. 
  22. ^ Jacobs, David. "Saving the Capitol House". Business Report. Retrieved 12 August 2013. 
  23. ^ "Assembling the Capitol House". Business Report. Retrieved 12 August 2013. 
  24. ^ "People in Business for Nov. 15, 2015". The Advocate (Louisiana). Retrieved 16 November 2015. 
  25. ^ "Award to former hotel manager confirmed". The Advocate. Retrieved 5 November 2015. 
  26. ^ "The next chapter – Developer Camm Morton turns his attention to a business brokerage firm". Business Report. Retrieved 5 November 2015.