Carroll Organization raises $6m for multifamily fund
The Carroll Organization has raised $6.1 million for its Carroll Multifamily Real Estate Fund IV, according to a filing with the SEC. The multifamily real estate fund is targeting $50 million in equity commitments. The fund’s predecessor, Carroll Multifamily Real Estate Fund III, closed in 2014 with more than $20 million. As of July 2015, the fund has invested in 22 properties throughout the southern United States, according to a summary on the firm’s website. Fund IV is expected to follow Fund III’s strategy of targeting core-plus and value-added multifamily properties.