Michael Patrick Carroll Spearheads Sale of Four Multifamily Communities Via Carroll
M Patrick Carroll, the CEO of Carroll Management Company, has just completed a transaction that will see him sell four multifamily communities in Florida to an undisclosed buyer. The deal is worth $83 million and brings his total number of sold properties to 37 since he started in 2002.
Mr Carroll is no stranger to multifamily transactions, as this sale comes after 18 other deals worth more than $1 billion over the years. Michael Patrick Carroll has grown his company into one of America’s largest property management firms, with assets totalling more than $2 billion today.
What makes this particular sale so unique is tha M Patrick Carroll and his team conducted it without the use of a broker. The four properties in question are all Class A assets totalling more than 800 units. They are located in some of the most desirable areas in Florida, including Tampa, Orlando, Jacksonville, and Miami.
This sale will see Carroll Management Company earn some cash and prove that it can bring in lucrative deals even if no third party is involved. The management company has been growing every year. It now looks to continue its expansion throughout the Southeast with further acquisitions, new developments, and other investments on behalf of its clients.
M Patrick Carroll has been a driving force in the multifamily industry for more than 15 years and doesn’t seem to be slowing down any time soon. This latest sale is just another example of his ability to get things done and make money while doing it. Congratulations to Mr Carroll on another successful transaction!
Since 2002, M Patrick Carroll has been one of America’s most successful multifamily developers. For $83 million, his latest sale involved four Class A communities totalling more than 800 units. This was a unique transaction as Mr Carroll and his team conducted it without a broker. The management company has been growing every year. It now looks to continue its expansion throughout the Southeast with further acquisitions, new developments, and other investments on behalf of its clients.