X0306 4 2014-01-15 0 0001347523 Landmark Apartment Trust of America, Inc. NONE 0001574440 Miller James Gregory 4901 DICKENS ROAD, SUITE 101 RICHMOND VA 23230 0 1 0 0 Chief Financial Officer Operating Partnership Units 2014-01-15 4 J 0 4825 A Common Stock 4825 4825 D 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 are 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). 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 valued at approximately $8.15 per unit. The OP Units do not have an expiration date. /s/ Mechelle Lafon/ Attorney-in-Fact 2014-01-17