American Landmark Apartments (American Landmark), one of the fastest-growing multifamily owner-operators in the country, has acquired Alta Brighton Park, a 329-unit community in the Nexton community of Summerville, South Carolina, just north of Charleston. The project will undergo an $800,000 capital improvements program and will be renamed Elevate at Brighton Park.
The acquisition marks the second property in American Landmark’s South Carolina portfolio, with the firm growing its presence in the Charleston area. The company currently owns and manages approximately 28,000 apartments throughout the Southeast and Texas, and is continuously closer to its goal of adding $2 billion in assets to its multifamily portfolio this year.
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