In an industry hyper-focused on investment returns, Pat Carroll follows a decisively different path. He believes that if CARROLL does right by its residents and partners, all of the business goals that it sets will be achieved as a result. This philosophy guides CARROLL's business practices under Mr. Carroll's leadership and the results have been astounding.
Pat Carroll founded CARROLL in 2004, initially developing several residential communities in Georgia, North Carolina, and South Carolina before moving to commercial real estate development and investment. In 2008, Pat successfully sold his remaining development projects, and using the proceeds from those sales, he acquired and merged three multifamily property management companies to create Carroll Management Group, a national property management platform wholly owned by CARROLL. Then in 2010, CARROLL began acquiring multifamily properties, and has since transacted on $10.3 billion, successfully exiting seventy two assets valued over $3.4 billion and producing an average IRR of 27%.
Recently, Inc. Magazine recognized CARROLL as one of the top private companies and one of the fastest growing companies in America.
Through all of this success, Pat Carroll has kept this service-minded philosophy at the forefront of CARROLL’s approach. It’s because of that commitment that he was chosen as Apartment Life's 2019 Stan Dobbs Award recipient.
Apartment Life is a faith-based non-profit that helps multifamily management companies create true community among their residents. Its founder, Stan Dobbs, has worked in the industry for decades helping renters build relationships with their neighbors. The Stand Dobbs Award recognizes leaders in the multifamily industry who demonstrate a commitment to building community. Pat Carroll will receive the 2019 Stan Dobbs Award at this year's Atlanta Apartment life Gala on October 10th.