“We can’t control markets, but we can master the self-discipline we need to ground our behavior in logic instead of emotion. The time is ripe for self-control.”–P. Carroll
As a real estate maven and visionary, Patrick Carroll is loyal to an exceptional standard of vision and accomplishment that has inspired the company’s success for nearly two decades.
The CARROLL firm commands an extensive and desirable portfolio of 95 properties, containing about 30,000 multifamily units consolidated in nine states, mainly located across the popular Sunbelt and Western states. Do you know how a coach would tell you to work harder and smarter? We’re talking about something similar. It’s carefully researching, planning, and developing multifamily properties in premium locations and converting underperforming properties through value-added perks and programs.
Plus, the famous attention to detail and an award-winning team are what you want in a premium real estate brand. For example, this is one of the reasons CARROLL accomplished an acquisition volume of $12.1 billion and a disposition volume of $9.5 billion over 19 years, with an average gross realized internal rate of return for investors of 28.4%.
To get a clear picture, let’s look at the example of The Hawthorne Portfolio to get an idea of CARROLL in the business of multifamily housing planning. You’ll find 903 units distributed among three properties in Atlanta, Nashville, and Charlotte’s famous visitor attractions, like arts, culture, and day trip attractions.
The CARROLL firm acquired the housing in 2019 and invested $1.8 million in renewals and enhancements, leading to 10.5% in new lease growth. Sold in 2021, the company earned a gross internal rate of return of 54%. ARIUM, CARROLL’s property management brand, supervised the sale. This is one example of success in the multifamily sector. It demonstrates an ability to recognize the potential in people and properties and guide that potential, earning loyalty and profits.
Carroll has been a legendary figure in the multifamily real estate field since closing in on two decades, with the real estate powerhouse focusing on the Sunbelt and Western regions. Caroll continues refining his legacy with new opportunities to apply his knowledge and background in the office, retail, and hospitality marketplaces. He continues to lead the movement in predicting and helping to bring about new hot spots, with a noted ability to predict the following significant specialty in real estate—and as an entrepreneur, it’s all about growth and markets while promoting the groundwork for success and sustained development.
Building on Past Successes
As a recognized ace in the multifamily real estate sector, Carroll is actively looking for opportunities to expand his masterful insights into the urban and industrial market, real estate sector, and residential, office, retail, and hospitality industries.
Working better together
This is an excellent time to begin taking advantage of opportunities in global venture investment and real estate that work in synchronicity with the credit and capital markets scene. On its own and through partnerships, CARROLL works to develop a range of strategic acquisitions, including venture capital, classic private equity, debt restructuring, and capital funds.
