Hot apartment market presents $375M opportunity for Landmark Apartment Trust

Landmark Apartment Trust Inc. wants to raise up to $375 million in an initial public offering of its common stock.

A hot market for apartments is driving the IPO. Multifamily was the first sector of commercial real estate to grow post-recession, as people who lost homes to foreclosure or had damaged credit became renters, as Tampa Bay Business Journal’s Ashley Kritzer previously reported.

Landmark, a Tampa-based real estate investment trust, has been rapidly growing since 2012. It owns 71 apartment… …read more