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Luxury swimming pool at The Oaks apartments

318-Unit Charlotte Community Changes Hands

American Landmark has acquired The Oaks, a 318-unit garden-style community in Charlotte, N.C. According to Yardi Matrix data, the property last traded in 2015, when Cortland Partners purchased it for $31.2 million from McDowell Properties. The Oaks is American Landmark’s sixth asset in the Charlotte market, with the company having recently bought two other communities totaling 651 units.

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