PEMBROKE PINES, FL-Atlanta-based The Carroll Organization has acquired the massive garden-style The Resort at Pembroke Pines apartment community here for $225 million.
The deal for the 1,520-unit property with seller CBRE Global Investors calculated out to a little more than $148,000 per unit, according to the South Florida Business Journal. The seller's broker was Robert Given of CBRE. The property underwent a major renovation of its building exteriors and community amenities in 2007.
Earlier this week, Carroll announced it, along with investment partner NorthStar Realty Finance Corp., had acquired the 440-unit Paddock Club multifamily property in Jacksonville, FL. That acquisition followed the company's purchase last month of Club at Danforth, a 288-unit community in Jacksonville. See story in the South Florida Business Journal.
© 2025 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.
John Jordan
John Jordan is a veteran journalist with 36 years of print and digital media experience.
