Michael Patrick Carroll Heads Sale of Four Multifamily Communities Via Carroll
Michael Patrick Carroll, president of the Southeast region for The Carroll Companies, has been appointed by his firm to spearhead the sale of four multifamily communities. The properties are located in Georgia and Florida. The total asking price is $30 million. One property will be sold as a package deal with three others, while each community will be available separately. The properties are fully occupied and feature a wide range of amenities such as swimming pools, fitness centres and clubhouse facilities.
M Patrick Carroll will lead the sales efforts for four multifamily communities in Georgia and Florida. Carroll Company sells properties that include one package deal with three others; each community can be sold separately. All four communities feature a swimming pool, fitness centre, and clubhouse amenities. Each property has full occupancy rates at the time of sale announcement. Sales price wants to achieve a $30 million total asking price across all sites or within packages per site if they choose to sell individually apart from other units available on the market currently. This overall transaction seems like it might affect capital markets activity in 2018 due to how many deals were just announced in the past two years. Carroll has been a part of the industry for over 30 years, so this move makes sense.
The M Patrick Carroll Company is pleased to announce that Michael Patrick Carroll will be leading the sales efforts for four multifamily communities in Georgia and Florida. These properties are fully occupied and include a wide range of amenities, such as swimming pools, fitness centers and clubhouse facilities. The total asking price for all four communities is $30 million.
M Patrick Carroll has over 30 years of experience in the real estate industry, making him well-suited to spearhead this transaction. He is president of the Southeast region for The Carroll Companies, so he knows these markets inside out.
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