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Landmark buys properties in Greensboro and Tennessee (access required)

Landmark Apartment Trust of America Inc., which owns 10 apartment developments around Charlotte, has announced it has acquired two multifamily properties in separate transactions for a combined purchase price of about $37 million. The properties, located in Greensboro, N.C., and Nashville, Tenn., collectively contain 600 units and are 95 percent occupied.

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Housing market continues to improve for sellers (access required)

Preliminary August data from the Carolinas Multiple Listing Services Inc. continue to indicate a strengthening housing market, with the number of sales, home prices and new listings rising while the inventory and average number of days on the market declined.

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