Instead of being a late adopter, CARROLL is a trendsetter. CARROLL has a history of adopting divergent strategies compared to other industry leaders. While unconventional, these efforts have produced significant and consistent results that have yielded high returns.
In a year of political uncertainty, fluctuating interest rates, overbuilding of multifamily housing in certain markets, and multiple consecutive years of rent growth, our company produced great and balanced results.
In a year of political uncertainty, overbuilding of multifamily housing in certain markets, and multiple consecutive years of rent growth, our company produced great and balanced results. We executed timely dispositions, made strategic acquisitions based on our view of the need in the marketplace, continued to improve the level of talent of our employees, and established new (hopefully long-term) strategic capital partnerships.
2016 was an exciting and successful year for Carroll Organization as it generated record proceeds from the disposition of 20 properties totaling $706 Million. By successfully executing on its business plan and achieving strong operational results, Carroll Organization was able to exit these properties with attractive risk-adjusted returns. On the acquisition front, Carroll Organization acquired 15 high-quality properties across six states totaling $800 Million, adding to its existing portfolio of properties, which now totals over $2.6 Billion.