American Landmark purchased a multifamily portfolio, with properties located in Florida, Georgia and South Carolina. Totaling 1,212 units, the assets include the 300-unit Arbor Terrace in Douglasville, Georgia; the 240-unit Summerset in Conyers, Georgia; the 432-unit Bella Apartments Homes in Kissimmee, Florida; and Arbor Village a 240-unit complex, in Charleston, South Carolina. American Landmark and its debt and equity partner Electra America expect to complete $1.5bn in multifamily acquisitions this year.
“As the unemployment rate continues to decrease nationwide, our focus continues to be on high-growth areas where we can provide exceptional value-add amenities and services to residents,” said Christine DeFilippis, CIO at American Landmark. “We’re looking forward to additional opportunities that will allow us to elevate the living experience for area residents while still providing homes at price points that they can afford.”
