Carroll Beefs Up for Multifamily Growth
ATLANTA—Carroll Organization is working hard to beef up its commercial real estate property management services for third parties and its own 10,000-unitmultifamily portfolio. The strategy includes streamlining its infrastructure in preparation for expansion and hiring David Cypher as COO.
"As we roll out our new plan for property management services, our overall goals for the future are very much in mind," says M. Patrick Carroll, founder and CEO of Carroll. While expanding the firm's geographic reach through acquisitions, Carroll says he is establishing regional and local management offices staffed by experienced professionals trained in the Carroll management style.
Cypher will help head up those operations. He will oversee all property management activities including financial accounting and reporting. Before joining Carroll, he was a finance executive on Morgan Stanley's MSREF VI and Global VII funds, and aPricewaterhouseCoopers auditor for large public companies.
Linda Masterson, a Carroll Organization veteran who has overseen the company's property-level management activities through an era of growth, reports to Cypher. Masterson was recently invited by the Georgia Apartment Association to attend the National Apartment Association Capitol Conference in Washington, D.C., where she met with Senators and Congressional Representatives to discuss issues such as housing finance reform and multifamilyindustry economics and job contributions that are of concern to the multi-family investment industry.
"Our belief is that rental living doesn't have to feel temporary," says Masterson. "Much like a high-end hotel, we strive to serve our residents in ways that connect them to their neighbors and local businesses, making them feel welcome with the Carroll Organization touch. And we make things easy for them with a streamlined move-in process that reduces the stress of changing addresses."
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