CARROLL ORGANIZATION BUYS BEXLEY APARTMENTS FOR $30.6M

MARIETTA —The Carroll Organization has purchased the 494-unit Bexley Apartments, located at 991 Wylie Road in Marietta, for $30.6 million. Property amenities include a fitness center, playground, two-acre sports field with jogging trail, as well as two swimming pools and two tennis courts. David Gutting and Derrick Bloom with Jones Lang LaSalle represented the seller, Arenda Capital, in the transaction. “Bexley benefits from long-term institutional ownership, and in recent years received $6 million in exterior and interior renovations,” says Gutting. “Additionally, the property's location adds to its value as it is in close proximity to four of the region's largest employers and is positioned in one of Georgia's most rapidly expanding corridors.”