Anybody else been in this dudes instagram? I thought the spitting at a waiter shit was funny, this guy seems completely unhinged. Berating people on the phone and recording the videos, bragging about how much cash he has and flashing a gun, is this dickhead whacked out on Miami yayo or has he always been this stupid?
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I been following this guy for a while, really since he started his account so it’s pretty wild to see where he’s at today. I think his account is fucking comical in the absolute worst way possible. If he saw this post he would screenshot it to his story and ask me to drop a pin, then proceed to follow that story up with a shitty picture of him flicking off the mirror quoting a cringe quote he found off an instagram “mob” meme page. Him recording the phone call today and screaming at his lawyer “I’m richer than you, I’m more famous than you, and as Ye quotes “I don’t take financial advice from people I’m richer than”” is fucking outrageous, he really thought he killed that. I never worked with him personally, but from what I heard he has always been a lunatic, and extremely difficult to do deals with. He’s trying to pursue ‘social media influencer’ status as he can’t do deals in the US Multifamily space for three years. He constantly shits on Grant Cardone (can’t blame him) for his approach to real estate, but he wants to do the same exact thing since it’s much ‘easier’ to go through NA investors rather than go through institutional money. Likely other reasons, personal problems he’s faced. Regardless, he is a good investor and does have a proven track record. With all this said, I genuinely hope he keeps shitposting, it is pure entertainment.
Have been following him as well and it seems over the past few weeks it's gotten worse. He's openly videoing people and when they ask him about it he almost fights them, it's insane. Saw a video yesterday where he had his car open blocking part of traffic (his fault) and he told a guy to go fuck himself. I get the social media/flexing personality but seems there's more involved like drugs even though he says he's sober.
In the three year lockout from Multifamily part of the RMR deal?
Yes
I guess? He got like $80mm for the whole thing, right?
I believe the 80mm was for his operations/management company. I remember seeing on the real deal a while back. He had a portfolio of 7bn but those properties are separately owned by funds that pat had an equity stake in, so it was not part of the RMR deal.
Don't know anything about this guy/have never even heard of him, what about his RE track record is particularly impressive?
Billions of dollars of multifamily deals, over $20 billion (acquisitions and dispositions combined).
Pat is a read deal success in the industry, can never take that away from him. He’s due his credit for his RE vision.
His IG content is wild!! But seriously scary, carries a gun and posts about it, threatens lawyers and is constantly trying to fight people on the street. This guy is a straight up narcissist and someone is going to get hurt! Imagine working for this lunatic, that’s what wrong with our industry today, staff level young professionals trying to learn the industry with a role model and leader like this. It’s not healthy for anyone…it’s blood money.
As an industry these are the type of leaders that should be held accountable but they are not…
I hope no one else gets hurt by this guy…he will continue to be in the news…for all the wrong reasons.
Money can’t buy class…even on IG
Pay deserves no credit. I have met him and a total douche. He got lucky with interest rates being low for so long and buying an easy property type in multi family investing. One hit wonder.
Clearly he will not carry that success through or do it again.
everyone can get lucky in this business. The truly great ones are the ones who survive and thrive in multiple cycles.
I can see what you mean, but if that were true there would be a lot more people who made tens of millions plus and kept it. Everyone can say he got lucky, it was the cycle but he took the risk and built something and knew when to cash out. There are many other groups that have decades of experience who went through the same cycle and got into trouble with properties. The fact is very few people would take the risk and have built what he has - they would prefer to work somewhere for a salary which is fair but his professional accomplishments are impressive.
ESPECIALLY on IG
He’s been outta control the past few days. It’s wild.
This guy has lost it. Definitely on drugs. How does someone with this demeanor buy so much real estate? Genuinely curious is he actually
Successful? Seems like a nut job
He started out smaller with single family home development I think, as in building one or two smaller individual homes and selling them. He built that up and I want to say did a bigger development project before pivoting to MF. In 07/08 bought 3 property management companies and made relationships with institutional groups in NYC.
It says online he started Carrol in 2004 and from 2011 on they were targeting growth / buying properties so took time.
He just did a podcast with Brad Lea and explains it in the first part. With some risk-taking, and some luck from the massive tailwinds up until recent, anybody could have done well.
This dude is totally off the rails.. I cant imagine him acting this way several years ago while building such a successful platform
Cops investigating flashy real estate boss Patrick Carroll after gunshots heard near his home - NY Post (3/15/2024)
..
Also what happened to his fiancé from like last week? lol
In the tragic narrative of Pat Carroll, one witnesses the poignant descent of a once-driven entrepreneur into the abyss of drug addiction. It appears that this downward spiral may have been brewing beneath the surface for some time, perhaps obscured by the distractions of professional success. However, with the recent divestment of his company, a pivotal source of purpose and direction has been abruptly severed, likely exacerbating the grip of his addiction. His Instagram serves as a disquieting window into the harrowing consequences of aimlessness and addiction.
What was once a narrative of triumph has tragically metamorphosed into a cautionary tale, wherein material wealth and accolades have been eclipsed by the suffocating grip of dependency. Pat's online presence, once a platform for showcasing his achievements, now manifests as a desperate attempt to cling to relevance amidst the wreckage of his life.
Did ChatGPT write this for you?
I wrote the basics and said “write this more intelligently”. Works every time.
Hahahah
https://www.bisnow.com/south-florida/news/commercial-real-estate/patric…
Is he a real estate developer or investor?
Livestream content is insane. Just videotaped himself driving (maybe inebriated, seemed like he had a drink or 2) past the cops while holding his phone and then called them f*ggots before hanging up.
Guy is burned down any institutional LP bridge he possibly could have in the future. Going to have to be purse HNW money. would matter a lot more if he wasn’t already rich lmao.
Insane, you see TRD article where he was away for a few days for a mental welfare check.
yes cocaine, lots of it. yes booze, lots of it. yes pride, even more of it.
72 hour Baker Act hold didn't phase him, which is particularly deranged. he's in my death pool.
Dave Grutman said the same thing in his message to him, before the Baker Act.
I am Dave Grutman.
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