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S2 Capital has acquired the Landmark at Gleneagles in Dallas, as part of a five-property, 1,768-unit distressed portfolio. The four other apartments were Knoxville and Nashville. Dallas-based, S2 has invested $60 million in a new joint venture with Trinity Investors, the existing limited partner, through a structured preferred equity investment. S2 has also secured a new five-year $170 million senior loan through ACORE Capital for the transaction.