Patrick Carroll

M. Patrick Carroll – Real Estate Visionary, Entrepreneur and Philanthropist

M. Patrick Carroll – Real Estate Visionary and Entrepreneur
M. Patrick Carroll is a self-made entrepreneur, visionary real estate investor, and founder of CARROLL, a national real estate investment and management company. With decades of experience, Patrick has made an indelible mark on the real estate industry, scaling a business from its early beginnings into a multi-billion-dollar enterprise.
Early Career: Building a Foundation
Patrick began his real estate career at the age of 19 when he moved to Atlanta to reinvent himself and explore new opportunities. He started by flipping homes in growing submarkets, demonstrating an innate ability to identify undervalued properties and maximize their potential.
His success quickly grew, and he transitioned to building homes during Georgia’s favorable licensing environment between 2002 and 2005. Patrick focused on key markets, including Brookhaven and East Lake, and successfully expanded into lucrative areas like Destin, FL and Greenville, SC.
Strategic Shifts and Market Awareness
Recognizing shifting market dynamics, Patrick made a critical decision to exit the single-family home sector ahead of the 2008 housing market collapse. He transitioned into student housing, developing and managing properties in prime locations like Boone, NC, near Appalachian State University.
His ability to adapt and pivot demonstrated his foresight and deep understanding of market cycles, a skill that would define his career.
The Rise of CARROLL
In 2004, Patrick founded CARROLL, which became a nationally recognized name in multifamily real estate investment and management. CARROLL distinguished itself with a focus on acquiring, managing, and repositioning multifamily properties across the United States.
Under Patrick’s leadership, CARROLL:
Managed over 30,000 multifamily units at its peak.
Acquired significant portfolios of properties, building a reputation for value-add investments and strong returns.
Established a property management division, growing CARROLL’s operational capabilities and creating a vertically integrated model.
Operated with four core values: Focus, Integrity, Ambition, and Excellence.
Patrick’s hands-on approach and ability to cultivate strong relationships with institutional partners contributed to CARROLL’s success, making it a leader in the industry.
Successful Exits and Legacy
Patrick strategically positioned CARROLL for growth and success, leading to major exits, including the sale of the company in 2024 for up to $100 million. His leadership, vision, and operational acumen transformed CARROLL into one of the premier real estate investment platforms in the country.
Key Strengths and Skills
Expertise in identifying undervalued real estate assets and unlocking their full potential.
Proven ability to navigate market cycles, exiting sectors at critical moments and entering new opportunities with precision.
Building and scaling companies with a focus on long-term, sustainable growth.
Exceptional deal-making and operational management skills.
Philanthropy and Mentorship
Throughout his career, Patrick has remained committed to giving back, supporting initiatives like Kickz for Kids, Boys & Girls Club, and Habitat for Humanity. He is passionate about mentoring the next generation of entrepreneurs and sharing lessons on resilience, reinvention, and success.