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  5. RMR Group Acquires Carroll

M&A Deal Summary

RMR Group Acquires Carroll

On July 31, 2023, RMR Group acquired real estate company Carroll for 80M USD

Acquisition Highlights
  • This is RMR Group’s 2nd transaction in the Real Estate sector.
  • This is RMR Group’s largest (disclosed) transaction.
  • This is RMR Group’s 2nd transaction in the United States.
  • This is RMR Group’s 1st transaction in Georgia.

M&A Deal Summary
Date 2023-07-31
Target Carroll
Sector Real Estate
Buyer(s) RMR Group
Deal Type Add-on Acquisition
Deal Value 80M USD
Advisor(s) UBS Investment Bank (Financial)
King & Spalding (Legal)

Target

Carroll

Atlanta, Georgia, United States
Carroll provides asset and property management services to 81 multifamily properties with more than 28,000 units. Carroll was founded in 2004 and is based in Atlanta, Georgia.

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Buyer(S) 1

Buyer

RMR Group

Newton, Massachusetts, United States
Category Company
Founded 1986
Sector Real Estate
Employees1,000
Revenue 898M USD (2024)
DESCRIPTION

RMR Group is a holding company and substantially all of its business is conducted by its majority owned subsidiary, RMR Group is an alternative asset management company that primarily provides management services to publicly traded REITs and real estate operating companies. RMR Group was founded in 1986 and is based in Newton, Massachusetts.

DEAL STATS #
Overall 2 of 2
Sector: Real Estate M&A 2 of 2
Type: Add-on Acquisition M&A Deals 2 of 2
State: Georgia M&A 1 of 1
Country: United States M&A 2 of 2
Year: 2023 M&A 1 of 1
Size (of disclosed) 1 of 2
PREVIOUS DEAL
DATE TARGET DEAL TYPE VALUE
2016-08-08 Tremont Realty Capital

Boston, Massachusetts, United States

Tremont Realty Capital specializes in commercial real estate finance. Tremont will principally raise debt and equity capital for owners of commercial real estate and serve as a manager of funds invested in commercial real estate loans.

Buy $2M
Mergr

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