CLOSED | $98 Million Multifamily Development | JV Equity
February 4, 2023
$98 Million Multifamily Development
The Vista at Council Square
The Carlton Group’s CEO Michael Campbell, COO Dan Bildner and Managing Director Kyle Morque announced that The Carlton Group has successfully sourced JV equity on behalf of T2 Capital Management for the development of a $98 million, Class ‘A’ 332-unit multifamily project in downtown Huntsville, Alabama. $30 million of equity was sourced from the Rockefeller Group and closed today.
The Vista at Council Square, situated within an Opportunity Zone, will feature state-of-the-art amenities and include land for future additional development. The project’s location is near many demand generators and will take advantage of Huntsville’s rapid population and job growth.
“We are pleased to have represented such a professional and entrepreneurial group as T2,” said Campbell “and look forward to working on future projects with them.”
About The Carlton Group
Founded in 1991, The Carlton Group is an international real estate investment banking firm that specializes in arranging JV Equity partnerships and executing large, complex, often multi-tranche equity and debt transactions for large development and trophy assets. The firm has offices throughout the United States and Europe and has closed in excess of $157 Billion of transactions throughout the United States, Europe, Caribbean, Mexico and South America. For more information, visit CarltonGroup.com.
About T2 Capital Management
T2 is a growing private equity real estate firm that is headquartered in Wheaton, Illinois with offices in Charleston and Nashville. Since its inception in 2011, T2 has deployed a total of more than $1.25 billion and currently manages in excess of $500 million. The firm is actively pursuing multiple development and investment opportunities in the student housing and multi-family space. Visit T2investments.com.
About Rockefeller Group
Rockefeller Group develops, owns and operates extraordinary properties across the United States. For nearly a century, the company has delivered exceptional experiences and value creation through dedication to quality in the built environment. The company’s portfolio spans the development of multifamily, industrial, office and mixed-use projects across six geographic regions as well as significant ownership interest in and management of approximately six million square feet of world-class office space in Manhattan. Visit RockefellerGroup.com