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Press release
June 2020

CARROLL Executes Sale of Atlanta Multifamily Property

CARROL announced today that it has completed the sale of ARIUM Chastain in Atlanta, GA.

Atlanta, GA – CARROLL, a national real estate investment company, announced today that it has completed the sale of ARIUM Chastain in Atlanta, GA. The property was acquired five years ago as a part of Carroll Multifamily Real Estate Fund III, LP in joint venture with a private equity real estate fund advised by Crow Holdings Capital. ARIUM Chastain is also managed by CARROLL.

“ARIUM Chastain represented an opportunity to acquire an extremely well-located asset in Atlanta’s exclusive Buckhead neighborhood of Chastain Park, which was well-positioned for a value-add renovation program,” said M. Patrick Carroll, Chief Executive Officer of CARROLL. “The property benefits from its superior infill location, offering easy access to Atlanta’s major employment centers.

ARIUM Chastain is a 212-unit garden-style, gated apartment community located between Atlanta’s two largest employment centers, the Buckhead Central Business District and the Central Perimeter. The property is right off Roswell Road, one of the most heavily traversed roads in the city. Additionally, ARIUM Chastain is one mile from Chastain Park, one of Atlanta’s largest and most picturesque municipal parks, home to a large amphitheater, an 18-hole public golf course, swimming pool, tennis center and a 3-mile jogging and walking trail. ARIUM Chastain’s units boast desirable features including covered patios with storage, wood style floors, designer kitchens with stainless steel appliances and washer/dryers.

To date, CARROLL has successfully exited eighty-one assets valued over $3.9 billion, including this transaction, producing an average IRR of 26%. Since 2019, CARROLL has sold 21 properties totaling ~$1.2 billion and is continuing to actively acquire high-quality multifamily communities in the Southeast, Southwest, Mountain West and other strategic target markets across the country. CARROLL sources many of its deals “off-market” directly from developers and owners and is recognized in the industry as a best in class renovator and operator.



CARROLL, a privately-held real estate company, was founded in 2004. With headquarters in Atlanta, CARROLL focuses on multifamily properties, including acquisitions, property and asset management services, and fund management. The firm has raised over $2.7 billion of equity through CARROLL sponsored funds and joint ventures. CARROLL has successfully purchased, developed or sold over $11.5 billion of real estate. CARROLL also has regional offices in Houston, Raleigh, Tampa, and New York.

The company manages over 30,000 multifamily units in eight states throughout the U.S. The firm has also developed student housing, single-family residential and retail properties, and has overseen more than $200 million of construction management for both its owned and fee partners. From due diligence to execution, CARROLL has the internal capabilities and the external relationships to identify, underwrite, and close transactions. For more information, visit


About Crow Holdings Capital

Crow Holdings Capital is the real estate investment management company of Crow Holdings. Led by a highly experienced team, Crow Holdings Capital manages $10 billion of real estate assets through its series of eight flagship value-add funds invested across property types in the United States, as well as its specialized fund strategies for retail, self-storage and multifamily. Crow Holdings is a privately owned real estate investment and development firm with a 70-year history and a proven track record of performance, partnership and innovation. For more information, please visit

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