ATLANTA—Continuing its end of the year multifamily acquisition rip, Carroll Organization has grabbed yet another apartment Florida community. The commercial real estate investor is once again focusing on Orlando.

Carroll purchased Bala Sands, a 298-unit multifamily property. Bala Sands is Carroll's third Orlando buy this year. The company last week entered the East Orlando market for the first time and earlier this week made its debut in the Tampa, FL market. All told, Bala Sands is Carroll's ninth multifamily buy in Florida this year.

“Bala Sands is an exceptional asset located in the heart of Orlando with tremendous upside potential through amenity and interior renovations,” says M. Patrick Carroll, founder and CEO of Carroll. “This acquisition—our third in Orlando in 2013—speaks to our business plan to target desirable multifamily assets in well-performing markets and in close proximity to major thoroughfares and business centers.”