The RMR Group to acquire CARROLL Multifamily Platform
The RMR Group has entered into a definitive agreement to acquire 100 percent of the equity interests in MPC Partnership Holdings, doing business as CARROLL, a vertically integrated multifamily platform, in an all-cash transaction for $80 million.
The acquisition is an attractive opportunity for RMR to enter the only major commercial real estate sector in which RMR does not have a significant presence.
The transaction further advances RMR’s strategic focus on growing its private capital business, adding approximately $7 billion in assets under management and more than 20 institutional partner relationships.
Founded in 2004 and headquartered in Atlanta, CARROLL provides asset and property management services to 81 multifamily properties with more than 28,000 units, primarily located across the Sunbelt markets of the United States.
This transaction will further diversify and expand the reach of RMR, augmenting RMR’s already considerable scale with differ