{"id":1004045527,"date":"2012-08-07T07:50:14","date_gmt":"2012-08-07T15:50:14","guid":{"rendered":"https:\/\/www.commercialsearch.com\/news\/?p=1004043954"},"modified":"2022-12-06T07:16:25","modified_gmt":"2022-12-06T15:16:25","slug":"apartment-trust-of-america-gets-537m-recap-new-name","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/","title":{"rendered":"Apartment Trust of America Gets $537M Recap, New Name"},"content":{"rendered":"<p>By Barbra Murray, Contributing Editor<\/p>\n<p><a href=\"https:\/\/www.commercialsearch.com\/news\/regions\/southeast\/apartment-trust-of-america-gets-537m-recap-new-name\/1004043954.html\/attachment\/apartment-trust-of-america-creekside-grand-atlanta\" rel=\"attachment wp-att-1004043974\"><img loading=\"lazy\" decoding=\"async\" data-attachment-id=\"1004043974\" data-permalink=\"https:\/\/www.commercialsearch.com\/news\/intermodal-train-300x168\/\" data-orig-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/07\/intermodal-train-300x168.jpg\" data-orig-size=\"300,168\" data-comments-opened=\"1\" data-image-meta=\"{&quot;aperture&quot;:&quot;0&quot;,&quot;credit&quot;:&quot;&quot;,&quot;camera&quot;:&quot;&quot;,&quot;caption&quot;:&quot;&quot;,&quot;created_timestamp&quot;:&quot;0&quot;,&quot;copyright&quot;:&quot;&quot;,&quot;focal_length&quot;:&quot;0&quot;,&quot;iso&quot;:&quot;0&quot;,&quot;shutter_speed&quot;:&quot;0&quot;,&quot;title&quot;:&quot;&quot;}\" data-image-title=\"intermodal-train-300&#215;168\" data-image-description=\"\" data-image-caption=\"\" data-large-file=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/07\/intermodal-train-300x168.jpg?w=300\" class=\"alignleft size-medium wp-image-1004043974\" title=\"Apartment Trust of America - Creekside Grand-Atlanta\" src=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg\" alt=\"\" width=\"288\" height=\"300\" \/><\/a><\/p>\n<p>Apartment Trust of America Inc. just got a big shot in the arm. The REIT has been recapitalized to the tune of $536.5 million in a multi-faceted transaction involving Elco Landmark Residential Holdings L.L.C., along with DeBartolo Development L.L.C, the Florida Value Funds and additional investors.<\/p>\n<p>The recapitalization included the investors&#8217; contribution of a 21-property portfolio encompassing 6,100 apartment units valued at $485 million. For its part, ATA handed over $187 million of partnership interests in its operation partnership. The agreement also included $16 million in cash and the assumption of portfolio debt totaling $282 million.<\/p>\n<p>&#8220;The goal of the company is to list its shares on an exchange to provide liquidity for our stockholders,&#8221; Stanley J. Olander, CEO of ATA, told CPE. &#8220;This transaction is a major step toward reaching that goal.&#8221; ATA relied on Bank of America Merrill Lynch to serve as exclusive advisor and Elco Landmark was advised by Evercore Partners.<\/p>\n<p>When all is said and done, ATA, which has developed a collection of premier multi-family assets over the last six years, will have a diverse portfolio of 36 properties totaling 10,000 residences, leaving the company with a reach spanning 17 growing markets across the southern U.S.<\/p>\n<p>In addition to the half-billion-dollar recapitalization, ATA also has a new name. The multi-family REIT has taken on the new name of Landmark Apartment Trust of America. ATA also ended its agreement with external advisors ROC REIT Advisors L.L.C.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>The recapitalization included the investors&#8217; contribution of a 21-property portfolio encompassing 6,100 apartment units valued at $485 million. For its part, ATA handed over $187 million of partnership interests in its operation partnership.<\/p>\n","protected":false},"author":969,"featured_media":1004045530,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[37774,21808,21825,37775,21783,21742,37776,37777,37778],"tags":[],"class_list":["post-1004045527","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-rc-dividend-yield","category-featured","category-finance","category-rc-forward-affo-payout-ratios","category-investment","category-latest","category-rc-premium-discount-to-nav","category-rc-price-ltm-ffo","category-rc-total-return"],"acf":[],"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v28.0 (Yoast SEO v28.0) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Apartment Trust of America Gets $537M Recap, New Name - Commercial Property Executive<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Apartment Trust of America Gets $537M Recap, New Name\" \/>\n<meta property=\"og:description\" content=\"The recapitalization included the investors&#039; contribution of a 21-property portfolio encompassing 6,100 apartment units valued at $485 million. For its part, ATA handed over $187 million of partnership interests in its operation partnership.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/\" \/>\n<meta property=\"og:site_name\" content=\"Commercial Property Executive\" \/>\n<meta property=\"article:publisher\" content=\"https:\/\/www.facebook.com\/CPExecutive\" \/>\n<meta property=\"article:published_time\" content=\"2012-08-07T15:50:14+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2022-12-06T15:16:25+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"620\" \/>\n\t<meta property=\"og:image:height\" content=\"645\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Barbra Murray\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:creator\" content=\"@cpexecutive\" \/>\n<meta name=\"twitter:site\" content=\"@cpexecutive\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\\\/\\\/schema.org\",\"@graph\":[{\"@type\":\"Article\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/\"},\"author\":{\"name\":\"Barbra Murray\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"headline\":\"Apartment Trust of America Gets $537M Recap, New Name\",\"datePublished\":\"2012-08-07T15:50:14+00:00\",\"dateModified\":\"2022-12-06T15:16:25+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/\"},\"wordCount\":251,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/08\\\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg\",\"articleSection\":[\"Dividend Yield\",\"Featured\",\"Finance\",\"Forward AFFO Payout Ratios\",\"Investment\",\"News\",\"Premium\\\/Discount to NAV\",\"Price\\\/LTM FFO\",\"Total Return\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/\",\"name\":\"Apartment Trust of America Gets $537M Recap, New Name - Commercial Property Executive\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\"},\"primaryImageOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/#primaryimage\"},\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/08\\\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg\",\"datePublished\":\"2012-08-07T15:50:14+00:00\",\"dateModified\":\"2022-12-06T15:16:25+00:00\",\"author\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\"},\"breadcrumb\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/#breadcrumb\"},\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"ReadAction\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/\"]}]},{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/#primaryimage\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/08\\\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg\",\"contentUrl\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2012\\\/08\\\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg\",\"width\":\"620\",\"height\":\"645\"},{\"@type\":\"BreadcrumbList\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/apartment-trust-of-america-gets-537m-recap-new-name\\\/#breadcrumb\",\"itemListElement\":[{\"@type\":\"ListItem\",\"position\":1,\"name\":\"Home\",\"item\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\"},{\"@type\":\"ListItem\",\"position\":2,\"name\":\"Apartment Trust of America Gets $537M Recap, New Name\"}]},{\"@type\":\"WebSite\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#website\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/\",\"name\":\"Commercial Property Executive\",\"description\":\"\",\"potentialAction\":[{\"@type\":\"SearchAction\",\"target\":{\"@type\":\"EntryPoint\",\"urlTemplate\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/?s={search_term_string}\"},\"query-input\":{\"@type\":\"PropertyValueSpecification\",\"valueRequired\":true,\"valueName\":\"search_term_string\"}}],\"inLanguage\":\"en-US\"},{\"@type\":\"Person\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/d1edda962dd3af55af8a203870f9fc32\",\"name\":\"Barbra Murray\",\"image\":{\"@type\":\"ImageObject\",\"inLanguage\":\"en-US\",\"@id\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"url\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"contentUrl\":\"https:\\\/\\\/secure.gravatar.com\\\/avatar\\\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g\",\"caption\":\"Barbra Murray\"},\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/author\\\/barbra-murray\\\/\"}]}<\/script>\n<!-- \/ Yoast SEO Premium plugin. -->","yoast_head_json":{"title":"Apartment Trust of America Gets $537M Recap, New Name - Commercial Property Executive","robots":{"index":"index","follow":"follow","max-snippet":"max-snippet:-1","max-image-preview":"max-image-preview:large","max-video-preview":"max-video-preview:-1"},"canonical":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/","og_locale":"en_US","og_type":"article","og_title":"Apartment Trust of America Gets $537M Recap, New Name","og_description":"The recapitalization included the investors' contribution of a 21-property portfolio encompassing 6,100 apartment units valued at $485 million. For its part, ATA handed over $187 million of partnership interests in its operation partnership.","og_url":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/","og_site_name":"Commercial Property Executive","article_publisher":"https:\/\/www.facebook.com\/CPExecutive","article_published_time":"2012-08-07T15:50:14+00:00","article_modified_time":"2022-12-06T15:16:25+00:00","og_image":[{"width":620,"height":645,"url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg","type":"image\/jpeg"}],"author":"Barbra Murray","twitter_card":"summary_large_image","twitter_creator":"@cpexecutive","twitter_site":"@cpexecutive","schema":{"@context":"https:\/\/schema.org","@graph":[{"@type":"Article","@id":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/#article","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/"},"author":{"name":"Barbra Murray","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"headline":"Apartment Trust of America Gets $537M Recap, New Name","datePublished":"2012-08-07T15:50:14+00:00","dateModified":"2022-12-06T15:16:25+00:00","mainEntityOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/"},"wordCount":251,"commentCount":0,"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg","articleSection":["Dividend Yield","Featured","Finance","Forward AFFO Payout Ratios","Investment","News","Premium\/Discount to NAV","Price\/LTM FFO","Total Return"],"inLanguage":"en-US","potentialAction":[{"@type":"CommentAction","name":"Comment","target":["https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/#respond"]}]},{"@type":"WebPage","@id":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/","url":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/","name":"Apartment Trust of America Gets $537M Recap, New Name - Commercial Property Executive","isPartOf":{"@id":"https:\/\/www.commercialsearch.com\/news\/#website"},"primaryImageOfPage":{"@id":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/#primaryimage"},"image":{"@id":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/#primaryimage"},"thumbnailUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg","datePublished":"2012-08-07T15:50:14+00:00","dateModified":"2022-12-06T15:16:25+00:00","author":{"@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32"},"breadcrumb":{"@id":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/#breadcrumb"},"inLanguage":"en-US","potentialAction":[{"@type":"ReadAction","target":["https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/"]}]},{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/#primaryimage","url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg","contentUrl":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg","width":"620","height":"645"},{"@type":"BreadcrumbList","@id":"https:\/\/www.commercialsearch.com\/news\/apartment-trust-of-america-gets-537m-recap-new-name\/#breadcrumb","itemListElement":[{"@type":"ListItem","position":1,"name":"Home","item":"https:\/\/www.commercialsearch.com\/news\/"},{"@type":"ListItem","position":2,"name":"Apartment Trust of America Gets $537M Recap, New Name"}]},{"@type":"WebSite","@id":"https:\/\/www.commercialsearch.com\/news\/#website","url":"https:\/\/www.commercialsearch.com\/news\/","name":"Commercial Property Executive","description":"","potentialAction":[{"@type":"SearchAction","target":{"@type":"EntryPoint","urlTemplate":"https:\/\/www.commercialsearch.com\/news\/?s={search_term_string}"},"query-input":{"@type":"PropertyValueSpecification","valueRequired":true,"valueName":"search_term_string"}}],"inLanguage":"en-US"},{"@type":"Person","@id":"https:\/\/www.commercialsearch.com\/news\/#\/schema\/person\/d1edda962dd3af55af8a203870f9fc32","name":"Barbra Murray","image":{"@type":"ImageObject","inLanguage":"en-US","@id":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","url":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","contentUrl":"https:\/\/secure.gravatar.com\/avatar\/9a36d5070adb56de135886aa49db0452b319180ff050dbd70770fd33a3e63774?s=96&d=mm&r=g","caption":"Barbra Murray"},"url":"https:\/\/www.commercialsearch.com\/news\/author\/barbra-murray\/"}]}},"jetpack_featured_media_url":"https:\/\/www.commercialsearch.com\/news\/wp-content\/uploads\/sites\/46\/2012\/08\/Apartment-Trust-of-America-Creekside-Grand-Atlanta1.jpg","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004045527","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/users\/969"}],"replies":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/comments?post=1004045527"}],"version-history":[{"count":1,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004045527\/revisions"}],"predecessor-version":[{"id":1004628731,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/posts\/1004045527\/revisions\/1004628731"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media\/1004045530"}],"wp:attachment":[{"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/media?parent=1004045527"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/categories?post=1004045527"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.commercialsearch.com\/news\/wp-json\/wp\/v2\/tags?post=1004045527"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}