"We intend to capitalize on increasing demand among institutional investors in the multi-family sector and grow quickly, but thoughtfully," Mr. DeVore said. "Carroll Organization started out as an entrepreneurial business, and we don't want to lose the drive and spirit associated with that. However we are finding ways to harness that power within a structure that will ultimately provide the best results for our investors."
Mr. DeVore is a seasoned investment professional who previously held senior positions at Artisan Partners, an independent investment management firm focused on providing high value-added, active investment strategies on a global basis, and PIMCO, one of the largest fixed income managers in the world. At Artisan, Mr. DeVore was one of the architects of Artisan's explosive growth from startup to leading global investment manager.
About Carroll Organization:
Carroll Organization is among the leading privately-held real estate companies in the United States. Founded in 2004 and based in
, Carroll Organization focuses on multifamily property, including acquisitions, property and asset management services, and fund management. The firm has raised over
of equity through Carroll Organization-sponsored funds and joint ventures, and its current investment portfolio is valued in excess of
. Carroll Organization's regional offices are located in
and Miami. Today, the company manages over 14,000 multi-family units in 10 states and has purchased other multifamily owner/operators throughout the U.S. The firm has also developed student housing, single-family residential and retail properties, and has overseen millions of dollars in construction management for both our owned and fee managed portfolios. This strategy of vertical integration creates exceptional returns for investors and joint venture partners. From due diligence to execution, Carroll Organization has the internal capabilities and the external relationships to identify, underwrite and close transactions.
About Hanna Capital:
For over two decades, Hanna Capital has engaged in private equity and venture capital investing. During that time and through its various affiliates, Hanna Capital has underwritten over
in receivables and raised over
, investing the latter in the following areas: consumer lending, health care insurance, cellular payment processing, auto finance, cloud computing, real estate management, bond trading, media distribution, architected materials, predictive algorithms, microelectronics, nutraceuticals, and investment brokerage.
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SOURCE Carroll Organization