Multifamily mogul Patrick Carroll was released from police custody in Los Angeles late Wednesday, after being arrested earlier this week, The Real Deal has learned.
The investor was released on his own recognizance, meaning he was not required to post bail or a bond, according to Los Angeles County Sheriff records.
A spokesperson for Carroll on Wednesday declined to comment on his release or his arrest.
Carroll was arrested Monday evening on a felony charge by the Los Angeles Police Department’s Hollywood division, records show.
He reportedly led Los Angeles police on a freeway pursuit before attempting to evade arrest on foot, according to a report from Miami local station WSVN 7News. The report alleged Carroll was under the influence and Los Angeles Police Department officers recovered weapons at the site of the incident.
Spokespeople for the LAPD and Los Angeles County Sheriff’s Department contacted by TRD Tuesday and Wednesday were unable to confirm details of an incident involving Carroll.
The arrest is the latest in a string of Florida incidents involving the real estate investor. He was forced to undergo a mental health evaluation earlier this year after police responded to a neighbor reporting gunshots near Carroll’s Miami Beach home.
Carroll was arrested on felony battery charges in October after two employees at Gold Rush Cabaret in Miami accused Carroll of assault. His behavior has also had him banned from Miami restaurants such as Carbone, Hiyakawa Miami and Cote Miami.
It remains unclear what Carroll was doing in L.A. His Instagram account posts indicate he’s been in the area for the past month and intended to stay for at least another month. His posts have shown him shopping in various local retail hot spots, including Rodeo Drive and Melrose Avenue, in addition to driving around town in a Rolls Royce.
RMR Group last year paid $80 million for Carroll Organization in exchange for all of Carroll’s equity in the company. As part of the transaction, Carroll parted ways with the firm he founded in 2004 following the deal’s close.
Since then, he’s touted his investment firm Llorrac Holdings, in addition to peddling his knowledge of real estate with a $3,000 multifamily course and a small assortment of clothing through his online site.
Video courtesy of WSVN 7 News/Sheldon Fox and Kevin Boulandier.
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