X

Thank you for sharing!

Your article was successfully shared with the contacts you provided.

HOUSTON, TX-Carroll Organization of Atlanta, along with investment partner NorthStar Realty Finance Corp. has acquired Limestone Ranch, a 256-unit residential community at 12655 Crossroads Park Drive in northwest Houston’s Steeplechase area. This acquisition further expands the company’s Houston portfolio, now valued in excess of $300 million, and totaling eight properties with 2,700 units. Carroll Organization will continue to enhance the resident experience through hands-on management and capital improvements, and is rebranding the property “ARIUM Crossroads” in keeping with the brand identity and values of the company’s rapidly growing national portfolio.

According to M. Patrick Carroll, founder and chief executive officer of the Carroll Organization, “We continue to be excited about Houston. In the last 18 months, we have built an extremely strong portfolio here and we continue to look for opportunities that suit our investment strategy. Expansion by a number of major industries, including energy and medical, is driving demand for great housing options, and our properties are well-positioned to benefit from these trends.”

Want to continue reading?
Become a Free ALM Digital Reader.

Once you are an ALM digital member, you’ll receive:

  • Unlimited access to GlobeSt and other free ALM publications
  • Access to 15 years of GlobeSt archives
  • Your choice of GlobeSt digital newsletters and over 70 others from popular sister publications
  • 1 free article* every 30 days across the ALM subscription network
  • Exclusive discounts on ALM events and publications

*May exclude premium content
Already have an account?

Dig Deeper

 

GlobeSt

Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.