Announced
Completed
Financials
Tags
multifamily platform
United States
Real Estate Services
Acquisition
Domestic
Majority
Private
Friendly
Single Bidder
Completed
Synopsis
The RMR Group, an alternative asset management company, completed the acquisition of CARROLL Multifamily Platform, a vertically integrated multifamily platform, for $100m. “With the CARROLL acquisition, RMR was able to implement our growth strategy of leveraging our strong balance sheet to make strategic acquisitions. Today, we acquired a vertically integrated organization that expands our scale, diversifies our platform, substantially increases our private capital assets under management and is financially accretive. I welcome the experienced and talented CARROLL team to RMR and look forward to working with them to further expand our multifamily platform," Adam Portnoy, RMR Group President and CEO.
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