Summer Villas Apartments is a 460-unit multifamily community in Dallas to be renamed The Regent.
DALLAS—American Landmark and JV partner, RSE Capital Partners recently acquired a five-property multifamily portfolio with assets in Texas and Tennessee. The 1,848-unit portfolio includes apartment communities in the Dallas-Fort Worth market and the Nashville suburb of Hendersonville, TN.
American Landmark acquired the portfolio for $246.77 million in a privately negotiated off-market transaction. This portfolio acquisition marks the JV's 16th investment in more than $800 million of multifamily assets.
The acquisitions raise American Landmark's portfolio to approximately 28,000 units throughout the Southeast and Texas, with the firm already halfway towards its goal of completing $2 billion in acquisitions by the end of this year.
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Lisa Brown
Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.
