CARROLL Exits Two Fort Worth Communities
The adjacent properties total 405 units in a desirable Fort Worth neighborhood along the Trinity River
CARROLL has announced the sale of two adjacent multifamily communities, Flats on the Trinity and Estates on the Trinity, totaling 405 units in Fort Worth, Texas. CARROLL purchased these mid-rise riverfront properties four years ago through its institutional fund vehicle, Carroll Multifamily Real Estate Fund V, LP. The two properties are well-located in one of Fort Worth’s most desirable downtown neighborhoods, and overlook the Trinity River with direct access to the Clearfork Trinity Trail.
Thus far in 2021, CARROLL has executed 16 transactions (6,000 units) totaling $1.2 billion, and continues to acquire high-quality multifamily communities throughout the Sun Belt.
CARROLL, a privately held real estate company, was founded in 2004. With headquarters in Atlanta, Ga., CARROLL focuses on multifamily communities, including acquisitions, property and asset management services, and fund management. The firm has raised more than $2.8 billion of equity through CARROLL-sponsored funds and joint ventures. CARROLL has successfully purchased, developed or sold more than $13.2 billion of real estate and has regional offices in Dallas-Fort Worth, Raleigh, Denver, Tampa, and New York.
The company manages 27,000 multifamily units in eight states and has purchased other multifamily owner/operators throughout the U.S. The firm has also developed student housing, single-family residential, and retail communities, and has overseen more than $250 million of construction management for both its owned and fee partners. From due diligence to execution, CARROLL has the internal capabilities and the external relationships to identify, underwrite, and close transactions. For more information, visit carrollorg.com.