CARROLL Acquires Three Sun Belt LP Deals with Collective Price Tag of $200M
Atlanta, GA-based CARROLL has acquired three limited partnership deals across NC, TX and AZ for a combined purchase price of more than $200 million. The separate transactions represent more than $80 million in equity and add more than 650 total units to the firm’s portfolio.
The properties are located in Charlotte, Austin and Phoenix with an average build year of 2017. According to the company, these high-growth cities all feature the high in-migration trends, strong job growth and diverse employment centers that presented an opportunity for CARROLL to create additional value.
“As we continue to evolve as a company, we are excited that our recent fundraising efforts have provided us enough capital to wholly own these three deals in which we have strong conviction,” said M. Patrick Carroll, founder and CEO of CARROLL.
The transactions bring CARROLL’s year-to-date transaction activity up to 24 with 10 acquisitions and 14 dispositions representing $2.0 billion in transaction volume.
Lisa McDuffie arrives at ConnectCRE via REALTOR® world, where she served for nearly two decades as communications director for one of the nation’s largest REALTOR® organizations. She supported two membership-elected presidents who were commercial real estate practitioners, and managed the communications initiatives of the organization’s commercial special interest group.
When not following the latest commercial real estate news, Lisa is zeroed in on her charismatic off-the-track thoroughbred as she makes the transition from an utterly failed racehorse to a lovely show hunter.