ATLANTA—Carroll Organization has made a name for itself doing off-market multifamily deals. Now, it's divesting itself of one those strategic acquisitions it inked in 2011.

Carroll sold Carroll at Bethesda Park in joint venture with Lubert-Adler Real Estate. JLL's David Gutting and Derrick Bloom represented Carroll in the sale. Bethesda Park is a 222-unit luxury multifamily community in the Lawrenceville submarket of Gwinnett County, GA.

“In a dynamic market like ours, you have to be ready and able to take advantage of opportune acquisitions as well as dispositions,” says M. Patrick Carroll, CEO of Carroll. “From the way we finance deals to our management process, every aspect of our business is structured in a way for us to be increasingly nimble; this is one of our competitive advantages.”