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Atlanta & Southeast  + Southeast  + Apartments  |  July 10, 2019
David Cohen
By: David Cohen

Carroll Sells Two Apartment Communities in North Carolina

Atlanta-based Carroll Organization completed the sale of two North Carolina apartment communities in separate transactions.

The properties include Spring Forest, a 404-unit community in Raleigh and The Crest at West End, a 188-unit community in Carrboro. Spring Forest is located at 5014 Sedgewick Dr. in Northwest Raleigh and was completed in 1978. The Crest at West End was completed in 1988 and was 95% occupied at closing.

Justin Good, Jeff Glenn, Allan Lynch and Caylor Mark of HFF represented Carroll in the transaction. Bridge Investment Group acquired Spring Forest and Eller Capital Partners acquired The Crest at West End. Sales prices were not disclosed. The deal was secured by HFF prior to being acquired by JLL.

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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