Why an Atlanta-based Company Joined a $600M Bet on Workforce Housing

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Carroll Organization and PGIM Real Estate are partnering on an acquisition of a multifamily portfolio in Raleigh-Durham, N.C., Ponte Vedra Beach, Fla. and Charleston, S.C.

An Atlanta-based company

is partnering with an arm of Prudential Financial Inc. (NYSE: PRU) in a $600 million investment in workforce housing in the Southeast. The multifamily portfolio acquisitions in Raleigh-Durham, N.C., Ponte Vedra Beach, Fla., and Charleston, S.C., totaling nearly $600 million, are the fifth joint venture between Atlanta's Carroll Organization and PGIM Real Estate since December 2017.

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