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Carroll Organization plans $200 million core-plus/value-added fund

by Andrea Waitrovich

Carroll Organization,an Atlanta-based owner-operator of multifamily real estate, has plans to launch Carroll-Bainbridge, a closed-end core-plus/value-added fund, on Nov. 1. The fund aims to raise $200 million by Nov. 1, 2013. It will invest in U.S. multifamily opportunities located in the Southwest, Texas and West Coast.

Since 2004, Carroll Organization has grown significantly through acquisitions. It has managed more than 15,000 multifamily units in 12 states. The firm made its ninth acquisition in August 2012, acquiring Archstone Tech Ridge Apartments in Austin. The 256-unit luxury community was rebranded as ARIUM Tech Ridge. The area is considered a major center for high-tech jobs, with leading companies such as Dell, Samsung, IBM, the Austin Independent School District and St. David's Healthcare facilities. The sales price was not disclosed.

In July 2012, Carroll Organizationannounced t

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