US Real Estate Firm Carroll Raises $340M for Multifamily Fund | News

US real estate investment firm Carroll has raised more than $340 million (€339 million) as its seventh multifamily fund.

The manager said the Carroll Multifamily Venture VII fund will target assets in line with the company’s “value-added and core-plus investment strategy across the Sunbelt region with a total purchasing power of $5.5 billion.”

The funding raised for the latest fund is more than double the $125 million raised in 2019 for its previous fund, Carroll Multifamily Ventures VI.

To date, Fund VII has acquired 14 properties in Georgia, Florida, North Carolina, Texas and Arizona, valued at $1.3 billion, Carroll said.

Patrick Carroll, Founder and CEO of Carroll, said:

“I am thrilled with the evolution of our organization and the foundation these fund vehicles provide to support our investment strategies.”

The rapid rise of Carroll’s real estate funds platform was led by newly hired Senior Managing Director of Capital Markets & Investments.

Rob Lester, Senior MD, Capital Markets and Investments, Carroll, said:

“We appreciate their strong support. Many of them have invested in multiple funds.”

Stephanie Bircher, senior vice president of investor relations at Carroll, said: added Stephanie Bircher.

“The fact that this investment vehicle is our third sequential fund with a significant increase in capital speaks to the commitment we have made to our fund platform and the trust that investors place in us. increase.”

Click here to read the latest edition of the latest IPE Real Assets magazine.

Source link

Leave a Reply

Your email address will not be published. Required fields are marked *