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American Landmark Apartments buys Antioch, Tenn., multifamily asset for $40M

Tampa, Fla.-based American Landmark Apartments paid $39.5 million for the 327-unit Brentridge multifamily property in Antioch, Tenn., Multi-Housing News reported, citing public records.

Cottonwood Residential OP LP sold the 34-acre class B property at 1500 Brentridge Dr., which comprises 20 two- and three-story buildings.

The buyer obtained a 10-year, $27.5 million Freddie Mac loan from SunTrust Bank to buy the property, which it rebranded Allegro on Bell, according to the Jan. 14 report.