Newsletters

Carroll Organization Picks Up Limestone Ranch 256-unit Multifamily

HOUSTON, TX-The firm's Houston portfolio is now worth more than $300 Million. Transaction marks eighth residential acquisition in market.

By David Phillips | Updated on July 03, 2013

HOUSTON, TX-Carroll Organization of Atlanta, along with investment partner NorthStar Realty Finance Corp. has acquired Limestone Ranch, a 256-unit residential community at 12655 Crossroads Park Drive in northwest Houston’s Steeplechase area. This acquisition further expands the company’s Houston portfolio, now valued in excess of $300 million, and totaling eight properties with 2,700 units. Carroll Organization will continue to enhance the resident experience through hands-on management and capital improvements, and is rebranding the property “ARIUM Crossroads” in keeping with the brand identity and values of the company’s rapidly growing national portfolio.

According to M. Patrick Carroll, founder and chief executive officer of the Carroll Organization, “We continue to be excited about Houston. In the last 18 months, we have built an extremely strong portfolio here and we continue to look for opportunities that suit our investment strategy. Expansion by a number of major industries, including energy and medical, is driving demand for great housing options, and our properties are well-positioned to benefit from these trends.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

Unlimited access to GlobeSt and other free ALM publications
Access to 15 years of GlobeSt archives
Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
1 free article* every 30 days across the ALM subscription network
Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account? Sign In Now

NOT FOR REPRINT

© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.

Resource Center

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Assessment

Sponsored by Cherre

Data Management Scorecard: A Health Check for Your Data Management Capabilities and Challenges

CRE strategies and business decisions are only as strong as the data that powers them, and that data better be correct. This self-assessment will help you gauge your current data management capabilities.

Browse More Resources ›

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Assessment

Sponsored by Cherre

Enabling Stakeholder Confidence in Your Data: A Self-Assessment for Real Estate Organizations

Does your data inspire confidence or is there a significant lack of trust in its validity? Use this assessment to gauge where your organization’s data practices are at today and what gaps exist.

Browse More Resources ›

GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
Exclusive discounts on ALM and GlobeSt events.
Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now

Copyright © 2024 ALM Global, LLC. All Rights Reserved.