Atlanta, GA –  Bentall Kennedy, on behalf of its U.S. Core Fund, in collaboration with Carroll Organization, announced today the acquisition of Rosewood at Brookhaven, located in Atlanta, GA. The property will be rebranded as ARIUM Brookhaven and managed by Carroll Management Group, one of the country’s leading privately-held real estate companies focused on multifamily investment, management, and development. The acquisition marks the first transaction in a strategic relationship between Bentall Kennedy and Carroll Organization.  

“The acquisition of ARIUM Brookhaven is an attractive addition to the Fund’s portfolio. The combination of asset quality, infill location with barriers to entry and access to a variety of amenities and public transportation directly aligns with the Fund’s strategic objectives,” said David Nielsen, Senior Vice President of Bentall Kennedy. “We are excited to begin our new relationship with Carroll Organization and to draw on the many strengths they bring to the multifamily asset class.”  

“We were initially attracted to this investment due to the property’s walkable location in Brookhaven to retail, restaurants and MARTA, and close proximity to Buckhead and Central Perimeter office markets,” said M. Patrick Carroll, Chief Executive Officer of Carroll Organization. “Given the property’s core, infill location with walkability to desirable amenities, as well as the submarket’s high barriers to entry and affluent demographics, we are optimistic on the long-term demand at ARIUM Brookhaven for years to come.”  

ARIUM Brookhaven is a 230-unit luxury apartment community located in Atlanta, GA. The community’s apartment homes include granite countertops, stainless steel appliances, full size washer/dryers, espresso cabinets and tile backsplash in the kitchen. ARIUM Brookhaven’s amenities include controlled access underground parking, a saltwater pool and sundeck, outdoor fireplace with grilling area and kitchen, fitness center with flex/spin room, clubhouse, and game room with billiards. The property is located within walking distance of the Brookhaven/Oglethorpe Marta Station and The Village Place Brookhaven, which includes eclectic bars, restaurants, shops and spas.    

About Carroll Organization  
Carroll Organization is among the leading privately-held real estate companies in the United States. Founded in 2004 and based in Atlanta, Carroll Organization focuses on multifamily properties, including acquisitions, property and asset management services, and fund management. The firm provides investment vehicles for a broad range of investors to access the multifamily real estate asset class and has raised over $2 billion of equity through Carroll Organization sponsored funds and joint ventures. Carroll has successfully purchased, developed or sold over $9.0 billion of real estate. Carroll Organization’s regional offices are located in Houston and Orlando. Today, the company manages over 30,000 multifamily units in eight states and has purchased other multifamily owner/operators throughout the U.S. The firm has also developed student housing, single-family residential and retail properties, and has overseen more than $125 million of construction management for both its owned and fee partners. From due diligence to execution, Carroll Organization has the internal capabilities and the external relationships to identify, underwrite, and close transactions.For more information, visit www.CarrollOrganization.com.  

About Bentall Kennedy  
Bentall Kennedy, a Sun Life Investment Management company, is a leading global real estate investment advisor and one of North America’s foremost providers of real estate services. Bentall Kennedy (which includes Bentall Kennedy (Canada) Limited Partnership, Bentall Kennedy (U.S.) Limited Partnership and the real estate and commercial mortgage investment groups of certain of their affiliates) serves the interests of more than 545 institutional clients with expertise in office, retail, industrial and multi-residential assets throughout Canada and the U.S. Bentall Kennedy’s Investment Management group has approximately $47 billion (CAD)/$37 billion (USD) of assets under management (as of September 30, 2018). We are one of the largest Real Estate Services providers in Canada, managing more than 60 million square feet on behalf of third-party and investment management clients (as of September 30, 2018). For more information, visit www.bentallkennedy.com