ATLANTA—Carroll Organization is working hard to beef up its commercial real estate property management services for third parties and its own 10,000-unit multifamily 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 a PricewaterhouseCoopers auditor for large public companies.