X0306 4 2012-09-14 0 0001347523 Landmark Apartment Trust of America, Inc. NONE 0001555654 Kobel Edward M 4901 DICKENS ROAD, SUITE 101 RICHMOND VA 23230 1 0 0 0 Non-Convertible Preferred Stock 1000000 I By DK Landmark, LLC Operating Partnership Units Common Stock 624228 624228 I By DK Bay Breeze, LLC Operating Partnership Units 2012-09-14 4 J 0 428263 8.15 A Common Stock 428263 1052491 I By DK Esplanade, LLC Operating Partnership Units 2012-09-14 4 J 0 47585 8.15 A Common Stock 47585 1100076 I By DK Esplanade II, LLC The operating partnership units ("OP Units") represent units of limited partnership interests in Landmark Apartment Trust of America Holdings, LP, of which the issuer is the general partner. The OP Units have the rights and preferences as set forth in the partnership agreement of the operating partnership of the issuer, and will, following a 12-month holding period, become redeemable in exchange for either (i) shares of common stock of the issuer on a one-for-one basis or (ii) a cash amount equal to the product of (A) the number of redeemed OP Units, multiplied by (B) the "cash amount" (as defined in the partnership agreement of the operating partnership of the issuer), provided, however, if the common stock of the issuer has not become listed or admitted to trading on any national securities exchange at the time of the redemption, the cash amount, notwithstanding anything to the contrary, shall be $8.15 per redeemed OP Unit. The OP Units were issued as part of the consideration paid by the issuer in connection with the issuer's purchase of certain properties and are value at approximately $8.15 per unit. The OP Units do not have an expiration date. The reporting person disclaims beneficial ownership of these securities except to the extent of his pecuniary interest therein, and the inclusion of these shares in this report shall not be deemed an admission of beneficial ownership of all of the reported shares for purposes of Section 16 or for any other purpose. /s/ Mechelle Lafon/ Attorney-in-Fact 2012-09-17