Founded in 1999 by Edward Poteat, Carthage Real Estate Advisors is a leading developer of workforce and affordable income housing in the Tri-State/New York City Area. Carthage works with private investment clients, not-for-profits, and municipalities throughout New York, New Jersey, and Connecticut to produce supportive housing development that improves communities and generates much needed economic development activity. Its portfolio encompasses mixed-income, mixed-use, and affordable preservation projects.Carthage Real Estate Advisors is a black-owned firm. Its name is historic and come from the ancient African city of Carthage, which was led by Hannibal and challenged the Roman Empire for the supremacy of the Mediterranean region.Carthage Real Estate Advisors has developed more than 1,500 units of affordable housing with a total budget of nearly $350 million. The firm is recognized for creating and preserving affordable housing through a triple bottom line approach. Its developments are profitable for investors, sensitive to the needs of the local community, and environmentally sustainable.