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CARROLL and PGIM Real Estate forms JV to acquire off-market South Florida acquisition
Transactions - JANUARY 9, 2020

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CARROLL and PGIM Real Estate forms JV to acquire off-market South Florida acquisition

by Released

CARROLL and PGIM Real Estate has formed a joint venture to acquire Verona View Apartments in Fort Lauderdale, Fla.

“We were intimately familiar with this submarket given our recent acquisition and operational success at ARIUM Sunrise, a comparable garden-style asset approximately two miles west of Verona View. When this opportunity came to us on an off-market basis, we jumped on it quickly,” said Patrick Carroll, CEO of CARROLL. “The property has been well-maintained by the seller, features unique townhome-style floor plans and boasts some of the largest average units in the market, making it an ideal value-add candidate for CARROLL.”

CARROLL acted on behalf of its latest investment vehicle, Carroll Multifamily Venture VI. PGIM Real Estate, acting on behalf of institutional investors, is the real estate i

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