ORLANDO—Carroll Organization just keeps bettingon Orlando multifamily. After grabbing three multifamily assets at the endof the fourth quarter of 2015, the company squeezed in a finaldeal—this time it was a disposition.

Carroll just closed the sale of ARIUM Barber Park. Noteworthy isthe fact that the 526-unit multifamily communitywas originally purchased in April 2013, and was Carroll's first inthe Orlando market.

"Orlando's multifamily market is consistentlyperforming and we wanted to take advantage of the market and thesteady rent growth we were seeing," says M. PatrickCarroll, founder and CEO of Carroll. "Barber Parkpresented a unique opportunity to buy well below replacement costand run our value-add repositioning program to improve overallperformance. After two years of executing our business plan onschedule, our investment team saw an opportunity to sell, producingsolid returns for our investors."