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Carroll Organization Ready to Invest $600M in Multifamily

ATLANTA-Patrick Carroll tells GlobeSt.com's Jennifer LeClaire he loves the idea of tweaking a business plan every two or three years.

By Jennifer LeClaire | Updated on July 05, 2012

ATLANTA—Carroll Organization just announced the initial closing of a new private investment fund. Carroll Fund II will provide buying power to acquire up to $600 million worth of multifamily communities in the Southeast and Texas.

“The market for high quality multifamily is extremely competitive, and for good reason—buyers can get great returns for what is perceived as relatively low risk,” Patrick Carroll, founder and CEO of the Carroll Organization, tells GlobeSt.com. He expects his firm to be extremely competitive in this environment because it can close large acquisitions.

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