ATLANTA, GA – Carroll Organization, one of the nation’s leading private real estate companies focused on multi-family investment, management and development, has announced the first closing of its sixth investment vehicle, Carroll Multifamily Venture VI, LP with an estimated total size of $ 150 million. This sixth vehicle will be his biggest ever, surpassing its $ 60 million in the fifth vehicle. The investor base consists of institutional investors, including public and private pension plans and reputable financial institutions. Through the use of debt and co-investments from institutional partners, the vehicle has the capacity to acquire more than $ 5 billion of investment in apartments.
Carroll Multifamily Venture VI, LP will focus on generating attractive risk-adjusted returns by acquiring cash-generating multi-family properties in markets with strong fundamentals in the Southeast, Southwest, Highlands and Central regions. Atlantic, as well as other strategic markets across the country. Carroll Organization will leverage its relationships, resources and operating platform to acquire more value-added and core properties with opportunities to improve cash flow through improved management and investments in capital.
âCarroll Organization is well positioned to deploy capital and take advantage of attractive opportunities due to our extensive experience, relationships and market knowledge. Our value proposition is to provide institutional investors with these attractive direct investments, and we remain optimistic about the significant opportunities offered in the multi-family real estate market, âsaid Patrick Carroll, CEO of Carroll Organization. âWe are grateful to our investors for their commitment to our latest venture. This is an important milestone for our company as it shows confidence in the Carroll Organization’s investment strategy, management team and operating platform, as well as recognition of our strong track record. .
Carroll Multifamily Venture VI, LP is the second time the Carroll Organization has raised an investment vehicle with institutional capital. This larger new institutional vehicle provides the Carroll Organization with the additional capital needed to make larger equity commitments and continue to successfully develop its institutional joint venture investment strategy. The vehicle will target basic and value-added multi-family properties of various ages and building types, with an emphasis on finding affordability and value in each segment. The Carroll Organization plans to continue to source many of its âoff-marketâ offerings directly from developers and owners.
Source: Carroll Organization / #Apartments #Multifamily