Carroll Organization and PGIM Real Estate Recent Multifamily Portfolio Acquisition Ranked 4th largest in 2017

  • Thursday, February 8, 2018

 

Real Estate Alert recognizes Carroll Organization and PGIM Real Estate multi-family portfolio acquisition of 28 properties as the 4th largest multi-family portfolio transaction in 2017. The December acquisition includes 8,578 units across Florida, North Carolina, Tennessee, and Texas. These properties are a part of Carroll’s latest investment vehicle, Carroll Multifamily Real Estate Fund V, LP, and will also be managed by Carroll Management Group. The firm plans to use the properties’ strong in-place cash flow to execute light value-add improvements. Carroll Organization purchased forty properties in 2017 totaling over $1.6 Billion. Today, the company owns and managed over 30,000 units with over $3.5 Billion of Assets Under Management.