Carroll Organization is an institutional multifamily owner/operator
with an entrepreneurial spirit for investment and value creation

$5.3 bn

ASSETS UNDER MANAGEMENT

28%

REALIZED IRR

$9.8 bn

TRANSACTIONS EXECUTED

Investment
Management

Carroll has seen exceptional results and performance because we are market leaders and first movers. Our innovative approach and strategic focus on identifying opportunities for value creation allows us to find alpha.

  • Over $6.6 bn of multifamily acquisitions and $3.2 bn of dispositions since 2012 and deployed over $2.3 bn of equity through sponsored funds and joint ventures.
  • Fully realized 66 investments averaging 28% IRR/1.8x Multiple (Gross) utilizing 60-65% leverage and for all Carroll's investments, averaged an annualized cash-on-cash of 8%.
  • When investors were hesitant of Florida multifamily, we recognized the fundamental tailwinds of a pro-business climate and strong job and population growth. We started investing in Florida in 2012 and have made 60 investments totaling $3.0 bn and realized a 26% IRR.
  • Urban investing is a popular theme, but Carroll recognized the importance of rent affordability, highly rated school systems and being able to target a larger renter population. Carroll began investing in the suburbs in 2012 and has purchased $5.5 bn and realized a 30% IRR.
  • In 2017 investors were in search of the next investment opportunity. Carroll identified affordability for today's workforce to be a significant concern and began investing in workforce housing in earnest. Since that time, Carroll has invested over $2.0 bn in the space.
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West Park Village, Tampa FL

Property
Management

Carroll Management Group is a trusted advisor to multifamily clients and investors. Leveraging what we’ve perfected on our owned assets, our collaborative structure optimizes our matrix based operating model. At our core, we are an entrepreneurial management company focused on teamwork and people first to bring both industry and functional expertise to the forefront of our multifamily operating platform.

  • Diligent and proactive property management to ensure business plan execution and delivery of remarkable results.
  • 35,000 unit portfolio across the United States
  • Year-to-date same-store revenue / NOI growth: 4.5% / 4.73%
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Construction &
Development

Our construction and development team remains focused on delivering well-conceived projects that provide a quality place for people to live while adding value and driving returns. Having managed $200 MM of construction work over the last 5 years, our construction teams live in the markets they serve and maintain deep relationships with contractors enabling Carroll to execute successful projects.

Leveraging our design and architectural capabilities allows us to advise our clients from ideation through execution and deliver value through time and labor cost efficiencies. We seek to maximize ROIC for each job matched against business plan, resident persona and feasibility.

Maitland Summit