ATLANTA, GA—American Landmark Apartments has acquired a six-property multifamily portfolio for $274.25 million. The 1,863-unit portfolio stretches over five growth markets in the Southeast, including Atlanta, Orlando, Raleigh, Charlotte and Charleston.
CBRE organized a competitive sale process for the portfolio, which was especially attractive to investors seeking suburban value-add opportunities. CBRE's Shea Campbell, Kevin Kempf, Ashish Cholia, Colleen Hendrix and Phil Brosseau represented the undisclosed seller.
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