{"id":1004074055,"date":"2013-05-17T05:35:30","date_gmt":"2013-05-17T13:35:30","guid":{"rendered":"https:\/\/synd.yardi.com\/?p=126922"},"modified":"2020-04-22T22:36:47","modified_gmt":"2020-04-23T06:36:47","slug":"landmark-pays-21m-for-380-unit-victoria-park","status":"publish","type":"post","link":"https:\/\/www.commercialsearch.com\/news\/landmark-pays-21m-for-380-unit-victoria-park\/","title":{"rendered":"Landmark Pays $21M for 380-unit Victoria Park"},"content":{"rendered":"

By Eliza Theiss, Associate Editor<\/em><\/p>\n

Richmond, Va.-based Landmark Apartment Trust of America Inc. has announced two acquisitions in the Carolinas totaling 600 units. The transactions, worth a combined $36 million, include the 380-unit Victoria Park in North Carolina\u2019s booming Charlotte \"\"<\/a>metropolitan area and the 220-unit Reserve at River Walk in Columbia, S.C. Featuring an array of attractive amenities, the two apartment complexes have a combined occupancy rate of 95 percent.<\/p>\n

\u201cThe addition of these assets to our portfolio aligns with our disciplined investment strategy of acquiring assets in high-growth Southeastern markets at a discount to replacement cost,\u201d declared Stanley J. Olander, chief executive officer of Landmark. \u201cWe are confident our proven operating platform strategy will maximize the potential of each asset, unlocking unrealized cash flow opportunities.\u201d Oleander also predicted value-add renovation work will be undertaken at both properties.<\/p>\n

Victoria Park’s 4616 Stoney Trace Dr. address locates it within the town of Mint Hill with swift access to Charlotte\u2019s major employment and entertainment opportunities, while at the same time offering the peaceful atmosphere of suburbia. The community boasts several resort-style amenities such as both indoor and outdoor swimming pools, a multi-sports court, picnic area, playground and lush landscaping. Other community privileges include a fitness center, 24-hour clothes care center, Wi-Fi caf\u00e9, onsite business center and resident activities program.<\/p>\n

Apartment amenities include walk-in closets, a gourmet kitchen, dishwasher and private balcony, with larger units boasting wood-burning fireplaces. Victoria Park is comprised of one-, two- and three-bedroom units ranging from 645 to 1,306 square feet. Rents start at $505 and go up to $950 per month.<\/p>\n

Victoria Park\u2019s individual purchase price was $21 million.<\/p>\n

Click here<\/a> for more Charlotte market data<\/em><\/p>\n

Photo credits: Victoria Park\u2019s Facebook page<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

Richmond, Va.-based Landmark Apartment Trust of America, Inc. has announced two acquisitions in the Carolinas totaling 600 units.<\/p>\n","protected":false},"author":49,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[1582,21742],"tags":[],"class_list":["post-1004074055","post","type-post","status-publish","format-standard","hentry","category-charlotte","category-latest"],"acf":[],"yoast_head":"\nLandmark Pays $21M for 380-unit Victoria Park - 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\/landmark-pays-21m-for-380-unit-victoria-park\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Landmark Pays $21M for 380-unit Victoria Park\" \/>\n<meta property=\"og:description\" content=\"Richmond, Va.-based Landmark Apartment Trust of America, Inc. has announced two acquisitions in the Carolinas totaling 600 units.\" \/>\n<meta property=\"og:url\" content=\"https:\/\/www.commercialsearch.com\/news\/landmark-pays-21m-for-380-unit-victoria-park\/\" \/>\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=\"2013-05-17T13:35:30+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2020-04-23T06:36:47+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/synd.yardi.com\/wp-content\/uploads\/sites\/46\/2013\/05\/victoria-park.jpg\" \/>\n<meta name=\"author\" content=\"Eliza Theiss\" \/>\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\\\/landmark-pays-21m-for-380-unit-victoria-park\\\/#article\",\"isPartOf\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/landmark-pays-21m-for-380-unit-victoria-park\\\/\"},\"author\":{\"name\":\"Eliza Theiss\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/#\\\/schema\\\/person\\\/de1353a5de72f96494054df3ecca7de4\"},\"headline\":\"Landmark Pays $21M for 380-unit Victoria Park\",\"datePublished\":\"2013-05-17T13:35:30+00:00\",\"dateModified\":\"2020-04-23T06:36:47+00:00\",\"mainEntityOfPage\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/landmark-pays-21m-for-380-unit-victoria-park\\\/\"},\"wordCount\":289,\"commentCount\":0,\"image\":{\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/landmark-pays-21m-for-380-unit-victoria-park\\\/#primaryimage\"},\"thumbnailUrl\":\"https:\\\/\\\/synd.yardi.com\\\/wp-content\\\/uploads\\\/sites\\\/46\\\/2013\\\/05\\\/victoria-park.jpg\",\"articleSection\":[\"Charlotte\",\"News\"],\"inLanguage\":\"en-US\",\"potentialAction\":[{\"@type\":\"CommentAction\",\"name\":\"Comment\",\"target\":[\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/landmark-pays-21m-for-380-unit-victoria-park\\\/#respond\"]}]},{\"@type\":\"WebPage\",\"@id\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/landmark-pays-21m-for-380-unit-victoria-park\\\/\",\"url\":\"https:\\\/\\\/www.commercialsearch.com\\\/news\\\/landmark-pays-21m-for-380-unit-victoria-park\\\/\",\"name\":\"Landmark Pays $21M for 380-unit Victoria Park - 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