Five-Property Multifamily Portfolio Grosses $246.77M
American Landmark and RSE Capital Partners acquired the 1,848-unit portfolio with assets in the Dallas-Fort Worth market and Hendersonville, TN for $246.77 million.
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.