Instead of being a late adopter, CARROLL is a trendsetter. CARROLL has a history of adopting divergent strategies compared to other industry leaders. While unconventional, these efforts have produced significant and consistent results that have yielded high returns.Learn More
To date, Carroll has successfully exited sixty assets valued over $2.7 billion, including this transaction. The investments have produced an average IRR of 30%. Since 2017, Carroll has now sold thirty-one properties totaling over $1.6 billion and purchased forty-eight properties totaling over $2.1 billion.
The Raleigh, Ponte Vedra Beach and Charleston acquisitions were led by Jim Mehalso, Atlanta-based managing director and head of Southeast Transactions at PGIM Real Estate, and Josh Champion, president and chief investment officer for Carroll Organization.
ARIUM Brookhaven is a 230-unit luxury apartment community located in Atlanta, GA.
Atlanta, GA – Carroll Organization, one of the country’s leading privately-held real estate companies focused on multifamily investment, management, and development closes out a productive first three quarters of 2018. Carroll successfully completed seventeen acquisitions totaling over $900 million across South Florida, Tampa, Jacksonville, Atlanta, Charleston, Raleigh-Durham, and Houston. The firm also exited seventeen properties totaling over $700 million producing an average gross IRR of 32% and 1.7x equity multiple and refinanced five properties returning an average of 20% of the capital invested. Looking ahead to the 4th quarter, Carroll Organization has ten acquisitions and nine dispositions in the pipeline.
Carroll has now purchased sixty-seven properties totaling over $3.0 billion since 2017 and is continuing to actively purchase high-quality multifamily communities in the Southeast and Southwest, and other strategic target markets across the country. Carroll sourced 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.
An affiliate of Carroll Organization of Atlanta bought complexes in Mount Pleasant and North Charleston earlier this month from JRK Properties of Los Angeles.
They include the 248-unit Springhouse on St. Ives Road and Cooper’s Pointe, with 192 units, on Greenridge Road, both in North Charleston, and the 240-unit Hibben Ferry on Anna Knapp Boulevard in Mount Pleasant.