ATLANTA—Slow and steady reaches a billion. Carroll Organization acquired more than $1 billion worth of multifamily properties across the Southeastern United States in 2013. How did they do it?
“We truly had a breakout year in 2013 in terms of acquisitions, and we're truly pleased to announce this milestone,” says M. Patrick Carroll, founder and CEO of Carroll. “In a very short period of time we have been able to build a top-flight multifamily investment platform that is extremely well capitalized and backed by some of the industry's most prominent private investors.”
Carroll now owns more than 11,000 multifamily units in five states. Most of the multifamily assets are in Florida, Georgia, and Texas. The Atlanta-based firm rebrands all of the multifamily acquisitions with the name “ARIUM” and applies hands-on management.
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