Carroll Organization holds final close for second fund
Atlanta-based real estate investment firm Carroll Organization has held a $30 million final close for its Carroll Co-Invest Fund II and sidecar fund for joint venture partners. With its institutional joint venture partners the fund will have approximately $200 million in equity.
Carroll Co-Invest Fund II is part of a core-plus/value-added multifamily fund series that invests in Southeast United States and Texas.
“We like the job and population growth that is occurring in [the Southeast] areas,” says Josh Champion, president of investments. “The REITs and larger institutions are selling out in most of these Southeast and Texas cities, and putting their money in gateway cities such as New York City; Washington, D.C.; and San Francisco. It’s creating a good return environment for capital in these Southeast and Texas cities.”
Carroll Co-Invest Fund II has