Roy Carroll follows Warren Buffet’s investment strategy: Find good companies and don’t trade a lot.
He finds good land, develops them into apartment buildings, and doesn’t sell.
Over the last 50 years, he has built over 13,000 apartments, 29 self-storage facilities, and other industrial/mixed-use projects.
Patience and low leverage are built into his capital stack.
He is on the sidelines right now and believes the market is frothy.
Carroll has a ton of money in the bank to strike when prices come down.
He also studies warfare. His library is full of books on historic battles.
Instead of focusing on market collapse, he is considering expansion into faster-growing markets, as Douglas MacArthur did during the war.
He is also investing in industrial real estate finding locations within one truck driver day of more than half of the US population.
Carrol has high rents to keep his business steady and believes he is in the ‘catbird seat” because real estate is a “slow mover…you can see the train wreck coming.”
Read more on Carroll in the December 5, 2022 interview in Forbes.
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