JACKONSVILLE, FL—Carroll Organization is picking up where it left off in 2013, continuing its multifamily acquisition run. With majority capital from National Property Holdings (NPH), a portfolio company of Prospect Capital Corporation, Carroll has acquired its third major multifamily property in Jacksonville, FL.

The Atlanta-based company purchased the 323-unit Indigo Luxury Apartments from Daniel Corporation. NPH infused Carroll with a $10 million equity investment to get the deal done.

Indigo is ideally located in Jacksonville's Southside submarket, which is characterized by stable job generators and higher income demographics. The multifamily acquisition follows the company's Jacksonville 2014 purchases of the Club at Danforth, a 288-unit community on Hodges Boulveard that's close to the Jacksonville Golf and Country Club, and Paddock Club, a 400-unit apartment complex.