Welcome!

SAP HANA Cloud Authors: Pat Romanski, Liz McMillan, Kevin Knuese, Ed Featherston, William Schmarzo

News Feed Item

Carroll Organization Announces Equity Investment by Hanna Capital

Investors Frank and David Hanna Contribute Capital and Expertise Supporting Further Growth of Leading National Multifamily Real Estate Investor

ATLANTA, Feb. 19, 2013 /PRNewswire/ -- Carroll Organization, one of the country's leading privately-held real estate companies focused on multifamily investment, management, and development, announced that Hanna Capital, LLC (Hanna Capital), the investment company controlled by Frank Hanna, III, and David Hanna, has made a long-term strategic investment in Carroll Organization's future growth.  With their equity stake, the principals of Hanna Capital seek to further enhance Carroll Organization's capitalization and investment firepower, and to work closely with its senior management team to offer strategic advice regarding expansion of Carroll Organization's vertically-integrated platform.

The announcement was made on behalf of Carroll Organization by M. Patrick Carroll, Founder and Chief Executive Officer, and Darren W. DeVore, Principal.

"In a very short time, Pat Carroll has built an outstanding real estate investment company with a strategy that is both disciplined and entrepreneurial, and a thoroughly professional team to execute on a business plan that creates long-term value," said Frank Hanna, III.  "Our investment is an endorsement of the Carroll Organization's potential for even greater achievements, and we look forward to a fruitful partnership."

"I'm extremely pleased that astute investors like Frank and David Hanna believe in what we've built and what we intend to do as multifamily real estate investors in the future," said Mr. Carroll.  "We are poised to expand our acquisitions of institutional-quality rental apartments in those U.S. markets that show strong job growth and favorable demographic trends, while continuing to develop our internal infrastructure and operational capabilities.  This new financial and personal commitment from the Hannas is the best kind of boost we could ask for, at the best possible time."

Carroll Organization has completed over $400 million of multifamily acquisitions within the past 18 months, and expects to pass the half-billion dollar mark by the end of the second quarter.  The company sources many of its deals "off-market" directly from developers, but has also become known within the brokerage community as a go-to buyer that performs.

At the same time, Carroll Organization is engaging in extensive planning to fine-tune its business plan and develop the best possible platform.  In coordination with Mr. Carroll, Mr. DeVore is applying his extensive past experience in investment management to broaden Carroll Organization's investor relationships while also improving operations and team coordination.

"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 Atlanta, Carroll Organization focuses on multifamily property, including acquisitions, property and asset management services, and fund management.  The firm has raised over $200 million of equity through Carroll Organization-sponsored funds and joint ventures, and its current investment portfolio is valued in excess of $450 million.  Carroll Organization's regional offices are located in Houston, Austin, Charlotte, Tampa 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 $20 billion in receivables and raised over $600 million, 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.

Contact
Great Ink Communications, Ltd. – 212-741-2977 
Roxanne Donovan ([email protected]
Eric Waters ([email protected]
Jimmy Lappas ([email protected])

This press release was issued through eReleases® Press Release Distribution. For more information, visit http://www.ereleases.com.

SOURCE Carroll Organization

More Stories By PR Newswire

Copyright © 2007 PR Newswire. All rights reserved. Republication or redistribution of PRNewswire content is expressly prohibited without the prior written consent of PRNewswire. PRNewswire shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.

@ThingsExpo Stories
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform. In his session at @ThingsExpo, Craig Sproule, CEO of Metavine, demonstrated how to move beyond today's coding paradigm and shared the must-have mindsets for removing complexity from the develo...
SYS-CON Events announced today that MangoApps will exhibit at the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. MangoApps provides modern company intranets and team collaboration software, allowing workers to stay connected and productive from anywhere in the world and from any device.
Basho Technologies has announced the latest release of Basho Riak TS, version 1.3. Riak TS is an enterprise-grade NoSQL database optimized for Internet of Things (IoT). The open source version enables developers to download the software for free and use it in production as well as make contributions to the code and develop applications around Riak TS. Enhancements to Riak TS make it quick, easy and cost-effective to spin up an instance to test new ideas and build IoT applications. In addition to...
The 19th International Cloud Expo has announced that its Call for Papers is open. Cloud Expo, to be held November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, brings together Cloud Computing, Big Data, Internet of Things, DevOps, Digital Transformation, Microservices and WebRTC to one location. With cloud computing driving a higher percentage of enterprise IT budgets every year, it becomes increasingly important to plant your flag in this fast-expanding business opportuni...
"We've discovered that after shows 80% if leads that people get, 80% of the conversations end up on the show floor, meaning people forget about it, people forget who they talk to, people forget that there are actual business opportunities to be had here so we try to help out and keep the conversations going," explained Jeff Mesnik, Founder and President of ContentMX, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
“delaPlex Software provides software outsourcing services. We have a hybrid model where we have onshore developers and project managers that we can place anywhere in the U.S. or in Europe,” explained Manish Sachdeva, CEO at delaPlex Software, in this SYS-CON.tv interview at @ThingsExpo, held June 7-9, 2016, at the Javits Center in New York City, NY.
From wearable activity trackers to fantasy e-sports, data and technology are transforming the way athletes train for the game and fans engage with their teams. In his session at @ThingsExpo, will present key data findings from leading sports organizations San Francisco 49ers, Orlando Magic NBA team. By utilizing data analytics these sports orgs have recognized new revenue streams, doubled its fan base and streamlined costs at its stadiums. John Paul is the CEO and Founder of VenueNext. Prior ...
IoT is rapidly changing the way enterprises are using data to improve business decision-making. In order to derive business value, organizations must unlock insights from the data gathered and then act on these. In their session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, and Peter Shashkin, Head of Development Department at EastBanc Technologies, discussed how one organization leveraged IoT, cloud technology and data analysis to improve customer experiences and effi...
The Internet of Things will challenge the status quo of how IT and development organizations operate. Or will it? Certainly the fog layer of IoT requires special insights about data ontology, security and transactional integrity. But the developmental challenges are the same: People, Process and Platform and how we integrate our thinking to solve complicated problems. In his session at 19th Cloud Expo, Craig Sproule, CEO of Metavine, will demonstrate how to move beyond today's coding paradigm ...
Internet of @ThingsExpo, taking place November 1-3, 2016, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with the 19th International Cloud Expo and will feature technical sessions from a rock star conference faculty and the leading industry players in the world and ThingsExpo Silicon Valley Call for Papers is now open.
Big Data engines are powering a lot of service businesses right now. Data is collected from users from wearable technologies, web behaviors, purchase behavior as well as several arbitrary data points we’d never think of. The demand for faster and bigger engines to crunch and serve up the data to services is growing exponentially. You see a LOT of correlation between “Cloud” and “Big Data” but on Big Data and “Hybrid,” where hybrid hosting is the sanest approach to the Big Data Infrastructure pro...
"My role is working with customers, helping them go through this digital transformation. I spend a lot of time talking to banks, big industries, manufacturers working through how they are integrating and transforming their IT platforms and moving them forward," explained William Morrish, General Manager Product Sales at Interoute, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
A critical component of any IoT project is what to do with all the data being generated. This data needs to be captured, processed, structured, and stored in a way to facilitate different kinds of queries. Traditional data warehouse and analytical systems are mature technologies that can be used to handle certain kinds of queries, but they are not always well suited to many problems, particularly when there is a need for real-time insights.
With 15% of enterprises adopting a hybrid IT strategy, you need to set a plan to integrate hybrid cloud throughout your infrastructure. In his session at 18th Cloud Expo, Steven Dreher, Director of Solutions Architecture at Green House Data, discussed how to plan for shifting resource requirements, overcome challenges, and implement hybrid IT alongside your existing data center assets. Highlights included anticipating workload, cost and resource calculations, integrating services on both sides...
"We are a well-established player in the application life cycle management market and we also have a very strong version control product," stated Flint Brenton, CEO of CollabNet,, in this SYS-CON.tv interview at 18th Cloud Expo, held June 7-9, 2016, at the Javits Center in New York City, NY.
We're entering the post-smartphone era, where wearable gadgets from watches and fitness bands to glasses and health aids will power the next technological revolution. With mass adoption of wearable devices comes a new data ecosystem that must be protected. Wearables open new pathways that facilitate the tracking, sharing and storing of consumers’ personal health, location and daily activity data. Consumers have some idea of the data these devices capture, but most don’t realize how revealing and...
Unless your company can spend a lot of money on new technology, re-engineering your environment and hiring a comprehensive cybersecurity team, you will most likely move to the cloud or seek external service partnerships. In his session at 18th Cloud Expo, Darren Guccione, CEO of Keeper Security, revealed what you need to know when it comes to encryption in the cloud.
What are the successful IoT innovations from emerging markets? What are the unique challenges and opportunities from these markets? How did the constraints in connectivity among others lead to groundbreaking insights? In her session at @ThingsExpo, Carmen Feliciano, a Principal at AMDG, will answer all these questions and share how you can apply IoT best practices and frameworks from the emerging markets to your own business.
Ask someone to architect an Internet of Things (IoT) solution and you are guaranteed to see a reference to the cloud. This would lead you to believe that IoT requires the cloud to exist. However, there are many IoT use cases where the cloud is not feasible or desirable. In his session at @ThingsExpo, Dave McCarthy, Director of Products at Bsquare Corporation, will discuss the strategies that exist to extend intelligence directly to IoT devices and sensors, freeing them from the constraints of ...
You think you know what’s in your data. But do you? Most organizations are now aware of the business intelligence represented by their data. Data science stands to take this to a level you never thought of – literally. The techniques of data science, when used with the capabilities of Big Data technologies, can make connections you had not yet imagined, helping you discover new insights and ask new questions of your data. In his session at @ThingsExpo, Sarbjit Sarkaria, data science team lead ...