Landmark Apartment Trust Announces Enhancements to Management Team

- Appoints Greg E. Brooks Chief Financial Officer -

- Promotes Gustav G. Remppies to Chief Operating Officer -

TAMPA, Fla. & RICHMOND, Va.--(BUSINESS WIRE)-- Landmark Apartment Trust, Inc. (“Landmark” or the “Company”), a multifamily real estate investment trust (REIT) with assets located in select metropolitan areas throughout the Southern United States, today announced the appointment of Greg E. Brooks as Chief Financial Officer, effective May 18, 2015, and the promotion of Gustav “Gus” G. Remppies to Chief Operating Officer. Both Messrs. Brooks and Remppies possess substantial experience in the acquisition, management and financing of apartment assets and further strengthen Landmark’s dynamic executive management team.

Mr. Brooks joins Landmark from Evercore Partners where he served as a Managing Director in the Real Estate group and was responsible for real estate capital markets transactions (both public and private) and real estate advisory assignments, including M&A and portfolio transactions on both the buy and sell sides. Prior to joining Evercore, Mr. Brooks was a Portfolio Manager at several prominent hedge funds where he initiated and managed long/short portfolio strategies that were invested in publicly-traded real estate securities. Prior to his hedge fund experience, Mr. Brooks was a Portfolio Manager at Cohen & Steers, where he had direct responsibility for managing mutual funds and institutional separate accounts that totaled more than $9 billion.

“We are thrilled to welcome an experienced capital markets professional of Greg’s caliber to our senior management team,” said Stanley J. Olander, Chief Executive Officer of Landmark Apartment Trust. “His extensive background and deep finance experience will be an asset as we continue to build a best-in-class portfolio and organization. I am confident his contributions will have an immediate positive impact.”

Mr. Remppies has been with Landmark since the Company’s formation in 2005. He has held various executive titles with the Company including President and Chief Investment Officer, most recently serving as Chief Administrative Officer. Until November 2010, he served as an Executive Vice President of Grubb & Ellis Residential Management (“Grubb & Ellis”), the Company’s former external advisor. Prior to his time at Grubb & Ellis, Mr. Remppies served as Senior Vice President of Acquisitions for Cornerstone Realty Income Trust prior to being named its Executive Vice President and Chief Investment Officer, a role he filled from 2003 until 2005. During his tenure with Cornerstone Realty Income Trust Inc., he oversaw the acquisition and development of approximately 30,000 apartment units and the placement of more than $500 million in secured and unsecured debt.

“Throughout his tenure at Landmark, Gus has made significant contributions to the success and growth of our organization,” commented Mr. Olander. “His extensive experience and perspective will enhance his oversight of the day-to-day operations of the business and we look forward to his positive contributions as we continue to grow the enterprise.”

About Landmark Apartment Trust:

Landmark Apartment Trust (“LAT”) is a multifamily real estate investment trust (REIT) with assets located in select metropolitan areas throughout the Southern United States. The Company owns or has an ownership position in approximately 26,000 apartment units and provides management services for an additional 1,700 units owned by affiliates. LAT aims to unlock hidden value and unrealized cash flow through the below market acquisition and repositioning of mid-income multifamily properties in targeted Southern markets, where the management team can apply its expertise to create a competitive advantage. For more information about LAT please visit http://www.latapts.com/.

Cautionary Statement Regarding Forward-Looking Statements

Historical results and trends should not be taken as indicative of future operations. Some of our statements contained in this Press Release that are not historical facts are forward-looking statements within the meaning of Section 27A of the Securities Act of 1933, as amended, and Section 21E of the Securities Exchange Act of 1934, as amended, or the Exchange Act. Actual results may differ materially from those included in the forward-looking statements. We intend those forward-looking statements to be covered by the safe harbor provisions for forward-looking statements contained in the Private Securities Litigation Reform Act of 1995, and we are including this statement for purposes of complying with those safe-harbor provisions. Forward-looking statements, which are based on certain assumptions and describe future plans, strategies and expectations, are generally identifiable by use of the words “expect,” “project,” “may,” “will,” “should,” “could,” “would,” “intend,” “plan,” “anticipate,” “estimate,” “believe,” “continue,” “predict,” “potential” or the negative of such terms and other comparable terminology. Our ability to predict results or the actual effect of future plans or strategies is inherently uncertain. Factors which could have a material adverse effect on our operations, our financial statements and future prospects on a consolidated basis include, but are not limited to: the availability of financing and the attractiveness of its terms; changes in economic conditions generally and the real estate market specifically; changes in interest rates; competition in the real estate industry generally and the apartment community sub-industry specifically; the supply and demand for operating properties in our target market areas; legislative and regulatory changes, including changes to laws governing the taxation of real estate investment trusts, or REITs; and changes in accounting principles generally accepted in the United States of America, or GAAP, or in policies and guidelines applicable to REITs. These risks and uncertainties should be considered in evaluating forward-looking statements and undue reliance should not be placed on such statements. Additional information concerning us and our business, including additional factors that could materially affect our financial results, is included herein and in our other filings with the Securities and Exchange Commission, or the SEC, including our Annual Reports on Form 10-K and Quarterly Reports on Form 10-Q. While forward-looking statements reflect our good faith beliefs, they are not guarantees of future performance. We disclaim any obligation to publicly update or revise any forward-looking statement to reflect changes in underlying assumptions or factors, of new information, data or methods, future events or other changes.

View source version on businesswire.com: http://www.businesswire.com/news/home/20150519006281/en/

For Landmark Apartment Trust
Investor Relations
Steve Swett & Kara Smith
203-682-8200
[email protected]
[email protected]
or
Media Relations
Jason Chudoba & Hayley Cook
203-682-8200
[email protected]
[email protected]

Source: Landmark Apartment Trust, Inc.

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