ATLANTA—Carroll Organization has made a namefor itself doing off-market multifamily deals.Now, it's divesting itself of one those strategic acquisitions itinked in 2011.
Carroll sold Carroll at Bethesda Park in joint venture withLubert-Adler Real Estate. JLL'sDavid Gutting and Derrick Bloomrepresented Carroll in the sale. Bethesda Park is a 222-unit luxurymultifamily community in the Lawrencevillesubmarket of Gwinnett County, GA.
“In a dynamic market like ours, you have to be ready and able totake advantage of opportune acquisitions as well as dispositions,”says M. Patrick Carroll, CEO of Carroll. “From theway we finance deals to our management process, every aspect of ourbusiness is structured in a way for us to be increasingly nimble;this is one of our competitive advantages.”
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