Carroll Buys Multifamily Duo for $46M

ATLANTA—Carroll Organization just acquired two Atlanta-area multifamily communities for $46 million in partnership with NorthStar Realty Finance Corp. The properties are Chattahoochee Landing in Roswell and The Abbey at East Cobb.

Chattahoochee Landing, a unique 396-unit multifamily property, sits on the bluffs overlooking the Chattahoochee River. The Abbey at East Cobb is a 200-unit multifamily property with family-sized floorplans. Carroll plans to make improvements through hands-on management, while rebranding the properties under the proprietary ARIUM name that other properties in its portfolio carries.