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American Landmark buys Plantation apartment complex for $58M

Tampa-based American Landmark Apartments paid $58 million for the Marin by Arium apartments in Plantation and will rename it The Pearl.

CPI/Carroll Grove East Owner LLC, a partnership between Atlanta-based Carroll and Washington, D.C.-based the Carlyle Group, sold the 223 apartments at 3880 W. Broward Blvd. to The Pearl AL LP, an affiliate of American Landmark. Berkely Point Capital provided a $40.35 million mortgage to the buyer.

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