CARROLL and PGIM Real Estate have sold 12 multifamily communities, valued at more than $1.1 billion, in the Southeast.
The deal represents 4,121 total units across Florida, North Carolina, and South Carolina. The 12 communities were part of three separate joint venture transactions between institutional fund vehicles managed by PGIM Real Estate and CARROLL that were completed in 2018.
Included in the sale were: six Raleigh communities (ARIUM Southpoint, ARIUM Kildaire, ARIUM Weston, ARIUM Lake Lynn, ARIUM Lake Johnson, ARIUM Trailwood); three Charleston communities (ARIUM North Charleston, ARIUM St. Ives and ARIUM Mt. Pleasant); and three South Florida communities (ARIUM Boca Raton, Centro at Davie by ARIUM, ARIUM Boynton Beach).
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