CARROLL raises $340m for seventh investment vehicle

CARROLL has closed its seventh investment vehicle, Carroll Multifamily Venture VII, with more than $340 million of capital commitments raised between two institutional-investor closings.

The fund closed at more than double its predecessor, Carroll Multifamily Venture VI, which raised $125 million in 2019.

The vehicle will target multifamily assets in line with CARROLL’s value-add and core-plus investment strategy across the Sun Belt region, with $5.5 billion in total buying power. In addition to securing properties with joint-venture partnerships, the size and structure of this vehicle will allow CARROLL to fully purchase deals on its own, enhancing its credibility and reach in the marketplace.

“The launch of our latest fund vehicle demonstrates the growth of CARROLL's footprint in capital markets and the strong investor appetite in the multifamily sector,” said Patrick Carroll, founder and CEO of CARROLL. “I am excited about the evolution of our organiz