Investor, Owner, Operator

Carroll Organization actively invests in, owns, and operates Multifamily Housing in High Growth Markets throughout the United States. With the Mindset of a disciplined Investor, and the internal capabilities of an Owner/ Operator, our investments leverage our expertise in property management operations to mitigate the risks and maximize the rewards inherent in multifamily real estate.


Carroll Organization has completed over $6.6 billion of multifamily apartment investments by leveraging our vast partnerships with Institutional Capital, and thorough understanding of the Real Estate Capital Markets.  Our Investments provide comprehensive access to the real estate asset class and an appropriate risk adjusted return at all points in the investment risk spectrum. Our focus is on properties where we have the ability to add value through redevelopment and efficient management. Our range of investment strategies gives Carroll and our partners the ability to tailor real estate investments based on market conditions, supply/ demand fundamentals, and risk tolerance levels we are comfortable at every stage in the real estate cycle. Each new investment (property) offers many attractive return aspects in regards to current yield, capital appreciation, and prudent use of leverage.

 

Asset Management

Carroll's asset management team works in collaboration with our property management professionals to maximize investment returns. We accomplish this by setting strategic plans for each investment and practicing proactive follow-through. Asset management is actively engaged in providing leadership and oversight throughout the entire investment lifecycle. We focus on understanding current and future fundamental market trends which guide the business plan of each investment.

Our specific asset management services include:

  •  Execution of due diligence to identify opportunities for improvement
  •  Development and execution of strategic plans to maximize an asset's long-term value
  •  Preparation and implementation of operational and capital budgets
  •  Produce accurate and timely owners' reports
  •  Monitoring capital improvement projects
  •  Identifying and closing asset financing
  •  Management of asset dispositions

 

Strategies

Core / Core Plus

Core / Core Plus investments typically exhibit similar characteristics in quality physical construction, tend to be well leased, and constructed in prime locations throughout major markets. Core / Core Plus investments produce a large majority of the return in the form of current yield with a smaller percentage projected from capital appreciation. Overall returns reflect a risk / reward trade off and currently range between 10.0% and 13.0% using leverage levels between 50.0% and 60.0%.

Value Add

Value add investments offer a strong balance of current cash flow and capital appreciation. These assets are traditionally located in primary and secondary markets and both urban and suburban locations. Often, property rents are below market levels and present opportunities to increase cash flow by improving the physical conditions of the assets, implementing effective leasing strategies to retenant properties and improving management. Moderate leverage (65.0% to 70.0%) can enhance yield while still allowing for healthy debt service coverage. Overall returns in the value added sector currently range from 13.0% to 16.0%.