December 10, 2018
A joint venture partnership between Atlanta-based Carroll Organization and PGIM Real Estate acquired three Southeast multifamily portfolios totaling more than 4,000 units and valued at nearly $600 million. The deals involve:
Eight-Property Portfolio in Raleigh-Durham
2,883-unit multifamily portfolio that includes: Copper Mill in Durham; Meadows at Kildaire in Cary; Oaks at Weston in Morrisville; Spring Forest in North Raleigh; Crest at West End in Carrboro; and Reserve at Lake Lynn, Walnut Creek, and Woodland Court in Raleigh.
Two-Property Portfolio in Ponte Vedra Beach
480-unit multifamily portfolio that includes Soleil at Ponte Vedra Beach and Seaglass at Ponte Vedra Beach (pictured).
Three-Property Portfolio in Charleston
680-unit Class B multifamily portfolio that includes Cooper’s Pointe Apartments, Springhouse Apartments and Hibben Ferry Apartments.
Carroll Organization acted on behalf of its latest investment vehicle, Carroll Multifamily Real Estate Fund V, LP. PGIM Real Estate acted on behalf of institutional investors.
For comments, questions or concerns, please contact Dennis Kaiser