Released by Newswire.com
NEW YORK – Patrick Carroll, CEO and Founder of CARROLL with over $6 billion under management, is aggressively investing during this time of economic uncertainty caused by the COVID-19 outbreak. But you might be surprised where he is investing.
Having made his fortune in real estate at a young age, the 40-year-old serial entrepreneur is looking for his next booming success outside of real estate. He is investing in startups that have the potential to be the next unicorn in the health and wellness sector because he believes that COVID-19 will fundamentally change consumer behavior.
“3 years ago I would have laughed at someone investing in personal wellness. Then I turned 40 and realized that my health was an integral part of my success. And then recently, I contracted and recovered from COVID-19. Going through that experience will change you, and we are watching the number of affected Americans surpass the one million mark. Everyone knows someone who battled this disease, so it’s a wake-up call for everyone.” – Patrick Carroll
While CARROLL has managed to stay net positive during the economic downturn, it has afforded Patrick Carroll the ability to invest aggressively while others are distracted. That has always been the key to CARROLL’s success. It has thrived when others contracted because it has always had the ability to pro-actively assess market conditions, pinpoint opportunity, and execute on a thoughtful strategy to realize results, while other investors continued to target the same traditional investments and strategies.
Now, CARROLL’s founder and CEO is setting the stage to do it again, betting big that Americans will begin taking their personal health more seriously and that companies will find ways to intersect that trend.
CARROLL, one of multifamily’s top owners and operators, has experienced impressive growth over the last three years, and is still well-poised to invest heavily in the space. While other investment and property management companies are spending time in fear and on their company balance sheet, CARROLL is in a great position to continue acquiring other operating companies and real estate assets.
To illustrate this position of strength, consider that:
1. CARROLL has very little debt at the corporate level, zero exposure to construction or development loans, and has zero need to refinance or restructure anything.
2. CARROLL (all divisions) has been profitable for over 17 years. Including 2020.
3. CARROLL has been extremely disciplined. Instead of “Empire Building”, it has profitably exited over 27,750 units that it renovated and sold (round-tripped).
4. CARROLL is primarily owned, and is 100% controlled by Patrick Carroll who plans to do this for another 30 or so years.
5. CARROLL has the best employees and is backed by the largest institutions in the world. These institutions are partners of ours that we have co-invested with and have earned their confidence.
CARROLL continues to look for opportunities and asks for those willing to partner to get in touch.
“Please send us anything that we should look at acquiring. We are one of the only Multifamily Operators that have actually acquired other operating platforms, and CARROLL is as well suited to grow as we have ever been.” – Patrick Carroll
Since its inception, CARROLL has acquired $7.6 billion in real estate and fully realized and exited $3.9 billion. The company’s demonstrated track record of realizing 80 investments at a 26% IRR demonstrates our capabilities to invest in all phases of the market cycle, and its proactive and strategic approach to managing its portfolio has led to great success and future opportunity.