MIAMI—Call it 15. In another off-market transaction,Carroll Organization continues to show how hungryit is for Florida multifamily assets. Financialterms of the deal were not disclosed.

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Carroll snapped up Aventine at Town Center, a 320-unitmultifamily asset in Jacksonville, FL. Altogether, the Atlanta-based firm has grabbed over $1.2 billion inmultifamily assets across the southeast in thepast 18 months alone and several in Jacksonville.

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“Location is a critical element of any investment,” says M.Patrick Carroll, founder and CEO of the Carroll. “Aventine has allof the core components that make a location desirable for ourresidents: accessibility to top retail, close proximity to qualityemployers, and easy access to main transportation thoroughfares.When you combine the prime location with a solid value-addstrategy, we know both our residents and investors willbenefit.”

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Built in 1997, Aventine at Town Center offers one-, two- andthree-bedroom multifamily units. The apartmentcommunity is directly across from the corporate offices of BlueCross Blue Shield, JP Morgan Chase, and Merrill Lynch, three ofJacksonville's largest businesses.

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The Jacksonville multifamily asset is alsowalking distance to St. Johns Town Center, the topretail center in the city. St. Johns Town Center'sluxury outdoor shopping complex spans 1.5 million square feet ofretail space.

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Carroll is rebranding the multifamily asset as“ARIUM Town Center,” which is in line with the brand identity andvalues of its national portfolio. In 2014, the firm has acquiredfive multifamily properties valued at over $260million.

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