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CARROLL Raises $350M, Will Target Sun Belt Multifams with $5.5B Buying Power
Atlanta, GA-based CARROLL has performed the final closing its seventh investment vehicle, Carroll Multifamily Venture VII, L.P., with more than $340 million in capital.
The funds were raised between two institutional investor closings and will target multifamily assets in line with the CARROLL’s value-add and core-plus investment strategy across the Sun Belt region with $5.5 billion in total buying power.
The firm’s seventh investment vehicle closed at more than double the size of its prior vehicle, which closed in 2019 at $125 million. According to CARROLL, the size and structure of this vehicle will allow it to fully purchase deals on its own, enhancing credibility and reach.
To date, Fund VII has acquired 14 properties in five states (AZ, GA, FL, NC and TN) valued at $1.3 billion. As a result of the vehicle’s structure, three of the 14 deals were acquired at 100% ownership.
Photo: ARIUM Winters Chapel, Atlanta
- ◦Financing
