Bentall Kennedy and Carroll Organization collaborate on the acquisition of Atlanta-based apartment community
ARIUM Brookhaven is a 230-unit luxury apartment community located in Atlanta, GA.
Atlanta, GA – Bentall Kennedy, on behalf of its U.S. Core Fund, in collaboration with Carroll Organization, announced today the acquisition of Rosewood at Brookhaven, located in Atlanta, GA. The property will be rebranded as ARIUM Brookhaven and managed by Carroll Management Group, one of the country's leading privately-held real estate companies focused on multifamily investment, management, and development. The acquisition marks the first transaction in a strategic relationship between Bentall Kennedy and Carroll Organization.
"The acquisition of ARIUM Brookhaven is an attractive addition to the Fund's portfolio. The combination of asset quality, infill location with barriers to entry and access to a variety of amenities and public transportation directly aligns with the Fund's strategic objectives," said David Nielsen, Senior Vice President of Bentall Kennedy. "We are excited to begin our new relationship with Carroll Organization and to draw on the many strengths they bring to the multifamily asset class."
"We were initially attracted to this investment due to the property's walkable location in Brookhaven to retail, restaurants and MARTA, and close proximity to Buckhead and Central Perimeter office markets," said M. Patrick Carroll, Chief Executive Officer of Carroll Organization. "Given the property's core, infill location with walkability to desirable amenities, as well as the submarket's high barriers to entry and affluent demographics, we are optimistic on the long-term demand at ARIUM Brookhaven for years to come."
ARIUM Brookhaven is a 230-unit luxury apartment community located in Atlanta, GA. The community's apartment homes include granite countertops, stainless steel appliances, full size washer/dryers, espresso cabinets and tile backsplash in the kitchen. ARIUM Brookhaven's amenities include controlled access underground parking, a saltwater pool and sundeck, outdoor fireplace with grilling area and kitchen, fitness center with flex/spin room, clubhouse, and game room with billiards. The property is located within walking distance of the Brookhaven/Oglethorpe Marta Station and The Village Place Brookhaven, which includes eclectic bars, restaurants, shops and spas.