OCTOBER 15, 2012

To read this full article you need to be subscribed to Newsline.

Sign in Start Your Free Trial Now View Purchase Options

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 th

Glossary, videos, podcasts, research in the Resource Center

Forgot your username or password?

Close your account?

Your account will be closed and all data will be permanently deleted and cannot be recovered. Are you sure?

We respect your privacy! Please give consent for processing data as described in our Privacy Policy