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.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.