ATLANTA, GA - Carroll Organization, an Atlanta-based multifamily real estate firm, has acquired Camden Sweetwater Apartments located in Lawrenceville, Georgia. The 308-unit luxury community will be rebranded as ARIUM Sweetwater. The community is Carroll Organization's eleventh multifamily acquisition within 18 months. The transaction closed November 29, 2012.
The community was purchased in a joint venture with Phoenix Capital Partners. Carroll Management Group, an affiliate company, will be managing the new acquisition. Josh Champion, President of Investments, states, "This acquisition fits perfectly with our investment strategy; acquiring below replacement cost, value-add renovations, and attractive financing to generate exceptional returns for our investors. We are actively looking for strategic acquisitions in target markets across the United States.”
ARIUM Sweetwater is a luxury community with an array of custom features and high end amenities, located just minutes from I-85 and the dynamic Gwinnett GA 316 corridor. This area has outstanding convenience to the area’s prime retail district, Discover Mills Mall, Gwinnett Center Arena and Gwinnett Place. ARIUM Sweetwater interiors boast designer details with 9 foot ceilings, crown molding, built in bookshelves, arched doorways and garden tubs. This beautifully appointed property also features a high-tech Cardio Strength training fitness center, Wi-Fi computer/coffee lounge, resort-style pool with outdoor kitchen.
About Carroll Organization
Carroll Organization is a multifaceted enterprise focusing on the ownership and operation of multifamily real estate. Its primary areas of business are real estate investment, property and asset management services and fund management. This integrated approach, which makes the organization an attractive investment partner, has contributed to the firm's rapid growth and success. Founded in 2004, Carroll Organization has grown significantly through the acquisitions of both properties and former competitors. Carroll Organization is headquartered in Atlanta with regional offices located in Houston, Austin, Charlotte, Tampa and Miami. For more information, visit www.CarrollOrganization.com.
About Phoenix Capital Partners
Phoenix Capital Partners, Ltd, formed in 1996 and based in Dallas, TX, is a real estate private equity investment company focused on providing optimal risk-adjusted returns to its high net worth, family office and institutional investor partners through the acquisition, development, and redevelopment of select real estate assets.