Multifamily owner-operator American Landmark Apartments has acquired a two-property, 692-unit apartment portfolio in Marietta.

The properties include the Knolls Apartments and the Crossings Apartments. The properties will be renamed The Everette at East Cobb and The Franklin at East Cobb, respectively, and will undergo an $8 million capital improvements program. Built in 1983, the 312-unit Knolls Apartments is located at 1675 Roswell Road. The 380-unit Crossings Apartments is located at 875 Franklin Road and was built in 1986.

American Landmark will implement an extensive capital improvements program at each property that includes undermount sinks, brushed nickel plumbing fixtures, tile backsplash, custom cabinets, luxury lighting fixtures, smart locks, NEST thermostats, custom closet systems, USB outlets and bathroom upgrades. Community enhancements will include a renovated clubhouse, fitness center, pool area and landscape beautification.