Landmark Snaps Up Plano Apartments as Part of $98M Buy

Source:  Business Journals

Richmond, Va.-based Landmark Apartment Trust of America Inc., a multifamily real estate investment trust, has bought four properties nationwide for $98.2 million, including a property in Plano. In total, the properties contain 1,346 apartments, which are 95 percent leased. The buy gave Landmark the ability to expand in highly desirable markets, including Texas, Florida and Alabama, said CEO Stanley Olander. The Plano apartment property, named Landmark at Collin Creek, contains 314 ...

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