Landmark Apt. Made $443M In Property Buys In Q4

Law360, New York (January 16, 2014, 4:31 PM EST) -- Landmark Apartment Trust of America Inc. said Wednesday that it closed the fourth quarter of 2013 by acquiring 13 apartment communities and seven joint venture ownership interests in apartment communities throughout the Southern U.S., all for about $443 million.

Landmark is a real estate investment trust that owns and operates more than 20,000 apartment units and provides management services for an additional 12,000 units owned by affiliates, throughout the Southern U.S.

The entities purchased contain 7,261 units and are 94 percent occupied. According to a Wednesday...
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