Hollywood, Fla. – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Park Colony Apartments, a 316-unit multifamily community in Hollywood. The property will be renamed The EnV under new ownership. The asset was 97 percent occupied at time of closing and will undergo approximately $3.5 million in capital improvements.
RSE Capital, a Washington D.C.-based firm that specializes in competitively priced, flexible and reliable capital solutions for real estate partners, provided joint venture equity for the acquisition.