Carroll buys three more Orlando apartment complexes for $153.5m

8 February 2017

Atlanta-based Carroll Organization has picked up three Orlando area multi-family communities in a $153.5m deal. Trading for just under $157,925 per unit, the properties have all been rebranded under the firm’s Arium brand. The apartment complexes Carrol has purchased are the 447-unit Key Isle Apartments for $70.5 million at 2415 Treasure Landing Parkway in Ocoee, Maitland Summit apartments at 9000 Summit Centre Way in Orlando for $40.5 million; and the 253 unit Tradition at Alafaya, which was acquired for $42.5 million. Carroll Organization bought the portfolio from Greenwich, Conn.-based Starwood Capital Group Holdings

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