Carter Multifamily, a private real estate company, completed the acquisition of a multifamily four-property portfolio in Alabama for $121m. "Each of these properties are in high-growth southern markets where we have previously acquired properties and successfully executed our value-add strategy. We're excited to continue to grow our footprint in a market supported by excellent growth fundamentals, favorable renter demographics, and limited new supply," Ray Hutchinson, Carter Multifamily CFO.