Welcome!

SAP HANA Cloud Authors: Liz McMillan, Jeev Trika, William Schmarzo, Ian Khan, Elizabeth White

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
Join us at Cloud Expo | @ThingsExpo 2016 – June 7-9 at the Javits Center in New York City and November 1-3 at the Santa Clara Convention Center in Santa Clara, CA – and deliver your unique message in a way that is striking and unforgettable by taking advantage of SYS-CON's unmatched high-impact, result-driven event / media packages.
In his keynote at 18th Cloud Expo, Andrew Keys, Co-Founder of ConsenSys Enterprise, will provide an overview of the evolution of the Internet and the Database and the future of their combination – the Blockchain. Andrew Keys is Co-Founder of ConsenSys Enterprise. He comes to ConsenSys Enterprise with capital markets, technology and entrepreneurial experience. Previously, he worked for UBS investment bank in equities analysis. Later, he was responsible for the creation and distribution of life ...
As cloud and storage projections continue to rise, the number of organizations moving to the cloud is escalating and it is clear cloud storage is here to stay. However, is it secure? Data is the lifeblood for government entities, countries, cloud service providers and enterprises alike and losing or exposing that data can have disastrous results. There are new concepts for data storage on the horizon that will deliver secure solutions for storing and moving sensitive data around the world. ...
SYS-CON Events announced today that BMC Software has been named "Siver Sponsor" of SYS-CON's 18th Cloud Expo, which will take place on June 7-9, 2015 at the Javits Center in New York, New York. BMC is a global leader in innovative software solutions that help businesses transform into digital enterprises for the ultimate competitive advantage. BMC Digital Enterprise Management is a set of innovative IT solutions designed to make digital business fast, seamless, and optimized from mainframe to mo...
SYS-CON Events announced today that MobiDev will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. MobiDev is a software company that develops and delivers turn-key mobile apps, websites, web services, and complex software systems for startups and enterprises. Since 2009 it has grown from a small group of passionate engineers and business managers to a full-scale mobile software company with over 200 develope...
WebRTC is bringing significant change to the communications landscape that will bridge the worlds of web and telephony, making the Internet the new standard for communications. Cloud9 took the road less traveled and used WebRTC to create a downloadable enterprise-grade communications platform that is changing the communication dynamic in the financial sector. In his session at @ThingsExpo, Leo Papadopoulos, CTO of Cloud9, will discuss the importance of WebRTC and how it enables companies to fo...
SYS-CON Events announced today that MangoApps will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. 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. For more information, please visit https://www.mangoapps.com/.
Companies can harness IoT and predictive analytics to sustain business continuity; predict and manage site performance during emergencies; minimize expensive reactive maintenance; and forecast equipment and maintenance budgets and expenditures. Providing cost-effective, uninterrupted service is challenging, particularly for organizations with geographically dispersed operations.
SYS-CON Events announced today TechTarget has been named “Media Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. TechTarget is the Web’s leading destination for serious technology buyers researching and making enterprise technology decisions. Its extensive global networ...
SYS-CON Events announced today that EastBanc Technologies will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. EastBanc Technologies has been working at the frontier of technology since 1999. Today, the firm provides full-lifecycle software development delivering flexible technology solutions that seamlessly integrate with existing systems – whether on premise or cloud. EastBanc Technologies partners with p...
SYS-CON Events announced today that Tintri Inc., a leading producer of VM-aware storage (VAS) for virtualization and cloud environments, will exhibit at the 18th International CloudExpo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, New York, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA.
A strange thing is happening along the way to the Internet of Things, namely far too many devices to work with and manage. It has become clear that we'll need much higher efficiency user experiences that can allow us to more easily and scalably work with the thousands of devices that will soon be in each of our lives. Enter the conversational interface revolution, combining bots we can literally talk with, gesture to, and even direct with our thoughts, with embedded artificial intelligence, wh...
SYS-CON Events announced today that Alert Logic, Inc., the leading provider of Security-as-a-Service solutions for the cloud, will exhibit at SYS-CON's 18th International Cloud Expo®, which will take place on June 7-9, 2016, at the Javits Center in New York City, NY. Alert Logic, Inc., provides Security-as-a-Service for on-premises, cloud, and hybrid infrastructures, delivering deep security insight and continuous protection for customers at a lower cost than traditional security solutions. Ful...
The IoT is changing the way enterprises conduct business. In his session at @ThingsExpo, Eric Hoffman, Vice President at EastBanc Technologies, discuss how businesses can gain an edge over competitors by empowering consumers to take control through IoT. We'll cite examples such as a Washington, D.C.-based sports club that leveraged IoT and the cloud to develop a comprehensive booking system. He'll also highlight how IoT can revitalize and restore outdated business models, making them profitable...
The essence of data analysis involves setting up data pipelines that consist of several operations that are chained together – starting from data collection, data quality checks, data integration, data analysis and data visualization (including the setting up of interaction paths in that visualization). In our opinion, the challenges stem from the technology diversity at each stage of the data pipeline as well as the lack of process around the analysis.
SYS-CON Events announced today that Commvault, a global leader in enterprise data protection and information management, has been named “Bronze Sponsor” of SYS-CON's 18th International Cloud Expo, which will take place on June 7–9, 2016, at the Javits Center in New York City, NY, and the 19th International Cloud Expo, which will take place on November 1–3, 2016, at the Santa Clara Convention Center in Santa Clara, CA. Commvault is a leading provider of data protection and information management...
Designing IoT applications is complex, but deploying them in a scalable fashion is even more complex. A scalable, API first IaaS cloud is a good start, but in order to understand the various components specific to deploying IoT applications, one needs to understand the architecture of these applications and figure out how to scale these components independently. In his session at @ThingsExpo, Nara Rajagopalan is CEO of Accelerite, will discuss the fundamental architecture of IoT applications, ...
With major technology companies and startups seriously embracing IoT strategies, now is the perfect time to attend @ThingsExpo 2016 in New York and Silicon Valley. Learn what is going on, contribute to the discussions, and ensure that your enterprise is as "IoT-Ready" as it can be! Internet of @ThingsExpo, taking place Nov 3-5, 2015, at the Santa Clara Convention Center in Santa Clara, CA, is co-located with 17th Cloud Expo and will feature technical sessions from a rock star conference faculty ...
18th Cloud Expo, taking place June 7-9, 2016, at the Javits Center in New York City, NY, will feature technical sessions from a rock star conference faculty and the leading industry players in the world. Cloud computing is now being embraced by a majority of enterprises of all sizes. Yesterday's debate about public vs. private has transformed into the reality of hybrid cloud: a recent survey shows that 74% of enterprises have a hybrid cloud strategy. Meanwhile, 94% of enterprises are using some...
SoftLayer operates a global cloud infrastructure platform built for Internet scale. With a global footprint of data centers and network points of presence, SoftLayer provides infrastructure as a service to leading-edge customers ranging from Web startups to global enterprises. SoftLayer's modular architecture, full-featured API, and sophisticated automation provide unparalleled performance and control. Its flexible unified platform seamlessly spans physical and virtual devices linked via a world...