Lansbrook deal signals multifamily strength

In the latest sign that the region's multifamily market remains strong for investors, Atlanta-based Carroll Organization has bought out its joint venture partner in Lansbrook Village, in Palm Harbor.

Carroll paid partner Bluerock Real Estate $81.35 million late last month for the 607-unit apartment community, at 3751 Pine Ridge Blvd., according to Pinellas County property records.

Lansbrook, which was built in phases between 1998 and 2014, was purchased by the two companies in March 2014 for $58.6 million, according to Carroll's website and property records.