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Blackstone and iStar Invest in Landmark Apt. Trust, Funding Purchase of 8 Properties

Money Being Deployed To Multifamily Properties in the Sunbelt

Richmond-based Landmark Apartment Trust of America Inc. agreed to issue up to 21.9 million shares of Series D Preferred Stock to affiliates of iStar Financial Inc. and Blackstone Real Estate Special Situations Advisors LLC to raise $219 million.

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