Carroll wrote in his CEO letter that his firm “demonstrated its ability to navigate challenging economic conditions.” Unbridled Last year, his firm bought 14 properties for a combined $1.3 billion, sold 23 projects for $2.2 billion and raised $343 million in equity, the firm’s 2022 annual report states. In 2019, his firm along with PCCP, a New York-based commercial real estate debt and equity capital firm, paid $87 million for a 400-unit apartment complex in Sunrise, Florida.Ĭarroll also teamed up with global investment manager PGIM, in a partnership that has acquired $2 billion worth of multifamily projects with roughly 15,000 apartments in Florida, North Carolina, Tennessee, Texas and South Carolina. Carroll has also brought in some high-powered equity partners on some deals. Over its 19 years in business, the company has raised $4.4 billion in equity while buying, developing and selling more than $20 billion in real estate, according to the firm’s 2022 annual report. Over the past two decades, Carroll evolved from a small player flipping homes and developing small residential projects into the owner of a well-oiled multifamily conglomerate. The mogul also reposts TV interviews and self-promotional bits on his charity work, like donating sneakers to the Boys and Girls Club. He has more than a million followers on the platform, where he posts about lavish parties in his new digs, dotes about his three sons and offers braggadocious glimpses of his Miami Heat courtside seats. His success and love of the finer things is on full display on Instagram. “That is what he chooses to do with his time, instead of litigating old, rehashed and absurd allegations in the press.” Empire building “Having built a massive real estate empire from scratch, he now spends his time helping others in need, especially underserved children,” Levin said in his statement. In a Page Six interview in January, Carroll said he was taking back a $1.5 million donation to the world-known children’s charity after his bank “flagged the recipient as a fraudulent organization” and that his “philanthropic dollars would be better spent elsewhere.”īut as he faces a personal firestorm, Carroll is setting up for his biggest play yet: seeking a buyer for the Carroll Organization, his Atlanta-based company which has amassed nearly 30,000 units in the southeast and southwest U.S. “As a well-known philanthropist, he donates millions of his hard-earned dollars to charity.”Įxcept for Unicef. Carroll is a hugely successful self-made businessman whose company brings in millions of dollars each year,” Levin wrote. Instead, a spokesperson provided a boilerplate statement from his attorney Duncan Levin. He denied the assault and claimed the manager attempted to provoke a confrontation.Ĭarroll declined to be interviewed for this story. ![]() Just last month, The Real Deal first reported an incident captured on security video where Carroll allegedly spit in the face of a Miami restaurant manager.
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