Carr Companies Evolution

1962: The Oliver Carr Company founded

1993: Carr America goes public with office assets from The Oliver Carr Company

2003: Carr Workplaces – after growing HQ Global Workplaces to the largest flexible office provider in the world, Oliver T. Carr, Jr. forms a new coworking company

2006: CarrAmerica (285 office properties totaling approx. 26.3 million SF in 12 markets nationwide) sold to Blackstone for $5.6 billion

2007: Carr Hospitality formed with his eldest son, Richard W. Carr, to acquire and asset manage hospitality assets

2010: Carr City Centers formed to pursue mixed-use development opportunities

2016: All subsidiaries except for the Oliver Carr Company are consolidated under Carr Companies
forming a company with broad real estate expertise.

2018: Carr Real Estate Services formed to provide real estate brokerage and leasing services

Carr Workplaces Evolution

1997: HQ Global Workplaces, a pioneer in the coworking industry was acquired from Omni Offices by Oliver T. Carr, Jr.

2000: Majority interest in HQ Global Workplaces is sold to Vantas forming the largest provider of flexible office solutions in the world with over 460 business centers in 17 countries

2004: Regus acquires HQ Global Workplaces for $302.5 million

2004: After sale of HQ Global Workplaces, Oliver T. Carr, Jr. creates a new coworking company focused on helping small and entrepreneurial organizations overcome the barriers of obtaining professional workspace that currently operates in 29 locations nationwide

2010: Preferred Office Network (PON) is founded to provide Fortune 100 clients with flexible workspace solutions across a network of nearly 700 business centers across North America