Patrick Carroll, a stalwart in the real estate industry, recently made waves by launching Carroll Global, marking a significant milestone in his illustrious career. This strategic move comes hot on the heels of his decision to sell his eponymous company, which controls an impressive portfolio of 28,000 apartments, for a substantial $80 million to the alternative asset management firm RMR Group.
With a reputation for disciplined investment strategies and entrepreneurial prowess, Patrick Carroll has been a key figure in the real estate sector for over two decades. As the Founder and CEO of CARROLL, he has played a pivotal role in steering the company towards remarkable growth. Under his leadership, CARROLL oversaw an impressive $12.1 billion in acquisitions and $8.8 billion in dispositions of multifamily real estate, boasting an average gross IRR of 29%.
The decision to launch Carroll Global signals a new chapter in Patrick Carroll’s career.
Expressing his enthusiasm for the future, Carroll stated, “I’m excited for the next chapter of my career and look forward to sharing my plans with you when the time is right. The next chapter of my career will not be related to Carroll or the multifamily sector, and I’m thrilled to see Carroll take the next step under RMR’s ownership.”
Carroll Global is poised to build upon Patrick Carroll’s legacy of success and innovation in the real estate industry. The company is committed to upholding values of integrity, excellence, and fostering strong relationships with investors, partners, and communities.
Background on Patrick Carroll:
Patrick Carroll’s journey to becoming a nationally recognized leader in the real estate industry is marked by a consistent commitment to excellence. As the Founder and CEO of CARROLL, he has been instrumental in shaping the company’s strategic direction and driving its exceptional growth. Carroll’s ability to identify unique opportunities in the market and deliver outstanding results has set him apart in the competitive real estate landscape.
Over the years, Carroll has honed his entrepreneurial acumen, leading CARROLL to become a prominent player with a vast portfolio of 28,000 apartments. His disciplined investment strategies have not only contributed to the company’s success but have also left an indelible mark on the multifamily real estate sector.
Beyond his achievements in the business realm, Patrick Carroll is known for his philanthropic endeavors. His commitment to making a positive impact extends beyond the boardroom, reflecting a deep-seated belief in giving back to the community. Carroll has been actively involved in various charitable initiatives, contributing to causes that align with his values.
As he embarks on this new chapter with Carroll Global, there is an anticipation that his philanthropic spirit will continue to play a significant role. Carroll’s dedication to integrity and excellence is likely to extend beyond business, making a positive difference in the communities where Carroll Global operates.
In conclusion, Patrick Carroll’s launch of Carroll Global is a testament to his visionary leadership and commitment to innovation. The real estate industry will undoubtedly watch with interest as Carroll Global builds upon the foundations laid by its founder, with an expectation of continued excellence and positive community impact. As Patrick Carroll steps into this new chapter of his career, the legacy he leaves behind in the real estate sector and his philanthropic contributions will undoubtedly leave an enduring mark.