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Why Carroll Bet on East Orlando Multifamily

ORLANDO—Carroll Organization has moved into the East Orlando market with the acquisition of a 300-unit multifamily property. What attracted this aggressive multifamily acquirer to the market?

By Jennifer LeClaire | Updated on November 26, 2013

ORLANDO—Carroll Organization has moved into the East Orlando market with the acquisition of a 300-unit multifamily property. Falcon Pines marks Carroll’s second Orlando multifamily acquisition this year and sixth Florida deal.

“We continue to see great opportunities in selected Florida markets, including Orlando,” says M. Patrick Carroll, founder and CEO of Carroll. “We were able to acquire Falcon Pines, an outstanding property in a great location, for significantly less than replacement cost, and we see limited new supply on the horizon in this submarket.”

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