American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired The Marin by Arium, a 223-unit multifamily community in Fort Lauderdale, Florida. The property will be renamed The Pearl and will undergo a $1.7 million capital improvements project.

This is the firm’s 27th Florida community and their 10th in South Florida.

“With more residents and businesses moving to Florida, particularly the South Florida metro, the state’s multifamily market continues to demonstrate clear characteristics that support our portfolio-wide investment objectives,” said Christine DeFilippis, Chief Investment Officer of American Landmark Apartments. “The state is a reflection of the Sunbelt’s overall standing as a region that benefits from a constant flow of new jobs and businesses that further underpin an upward economy.”

The capital improvements program will include numerous upgrades throughout the property. Unit renovations will include stainless steel appliances, tile backsplash, new cabinets, quartz countertops, USB outlets, electronic/smart locks and master closet organizers. Community amenities will feature landscape beautification and upgrades the clubhouse, fitness center, swimming pool furniture, agility park, pet wash and dog park.

Built in 2008, The Pearl is located at 3880 W Broward Blvd. Studios, one-, two- and three-bedroom units include stainless steel appliances, storage units, dishwasher and washer/dryer. Community amenities feature a clubhouse, breakfast/coffee concierge, fitness center, sauna, swimming pool, playground and courtyard.

Situated in west Fort Lauderdale, The Pearl is located near important transit routes and employers. Interstate 595 and Interstate 95 are less than 10 minutes away, providing convenient access throughout South Florida and nearby employers including Fort Lauderdale-Hollywood International Airport and Port Everglades.

For more information, please visit www.alapts.com.

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has added 692 units to its portfolio with the acquisitions of The Knolls Apartments and The Crossings Apartments, two multifamily communities in Marietta, Georgia. 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.

The acquisitions elevate the firm’s Georgia portfolio to nine properties and their national portfolio to 92 properties.

“Metro Atlanta’s resilient workforce and accelerating in-migration maintained robust apartment demand that sustained the market all through last year,” said Christine DeFilippis, Chief Investment Officer of American Landmark Apartments. “As leasing activity kept pace with deliveries and rising payrolls continue to strengthen fundamentals, the Greater Atlanta area will maintain its status as a Sunbelt market with clear opportunity for multifamily investment.”

American Landmark Apartments 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.

Built in 1983, the 312-unit Knolls Apartments is located at 1675 Roswell Road. One-, two- and three-bedroom units include hardwood floors, walk-in closets, granite countertops and stainless-steel appliances. Community amenities feature a bark park, cardio fitness center, entertainment café with Wi-Fi, swimming pool and two lighted tennis courts.

Built in 1986, the 380-unit Crossings Apartments is located at 875 Franklin Road. One-, two- and three-bedroom units include hardwood floors, window coverings, extra storage space and a private patio/balcony. Community amenities feature a business center, clubhouse, BBQ/picnic area, fitness center, playground, pet park, sundeck and swimming pool.

For more information, please visit www.alapts.com.

Tampa, Fla. (January 25, 2021) – American Landmark, an industry leader and one of the fastest-growing multifamily owner-operators in the country, has promoted Cornelious Callaway Jr. to Regional Vice President. In this role, Callaway Jr. will oversee day-to-day operations and management of  American Landmark apartment communities in the Atlanta, Raleigh, and Charleston markets. Callaway Jr. resides in Atlanta. 

“Cornelious is an effective communicator who has consistently delivered results, improving occupancy and retention at our communities, while meeting and exceeding customer service needs and expectations,” said Stacey Bondar, Chief Operating Officer  at American Landmark. “He has provided actionable insights to help mitigate costs and produce high-level sales, advancing American Landmark’s focus on development and long-term growth, thereby demonstrating his readiness to take on a larger, more significant role in the organization.”

Callaway Jr. joined American Landmark in March 2020 as Regional Property Manager responsible for seven properties in the Atlanta metro area. In that role, he mobilized business resources and evaluated marketing plans to manage a portfolio of more than 1,500 units in Georgia and South Carolina. Prior to joining American Landmark, Callaway Jr. held roles at CF Real Estate, RADCO and Greystar. 

For more information, please visit www.alapts.com. 

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American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired Parc at Wesley Chapel, a 248-unit Class A apartment community in the Tampa Bay metropolitan area. The property was acquired for an undisclosed price from Equity Resources, LLC.

American Landmark owns and operates seven multifamily communities now in the Tampa Bay metro area.

“Tampa Bay’s diverse job market serves as a compelling pull factor that furthers the demand for high-quality housing in the region,” said Christine DeFilippis, Chief Investment Officer at American Landmark Apartments. “With opportunity in the financial, tech, manufacturing and defense and security industries, the area’s fundamentals made Parc at Wesley Chapel a clear fit for our portfolio that’s expected to continue strong lease-up in the near future.”

Built in 2020, Parc at Wesley Chapel is located at 5561 Post Oak Boulevard. Studios, one-, two- and three-bedroom units range from 681 square feet to 1,483 square feet and include granite countertops, wood-style flooring, smart-home automation, gourmet kitchen with island, Whirlpool stainless steel appliances and washer/dryer. The pet friendly community features a resort-style pool, elevator access, fitness center, Luxer package system, electric vehicle charging stations, dog wash, fire pit with cabanas and a pet park.

Situated in suburban Tampa Bay, the community is found in the family-oriented city of Wesley Chapel. Located just two minutes away from Interstate 75, the property has direct access to Downtown Tampa and surrounding retail and dining amenities. Nearby employers include Busch Gardens, Saint Leo University and the University of South Florida, designated a preeminent state research university.

For more information, please visit www.alapts.com.

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired Deerwood Park, a 282-unit multifamily community in Jacksonville. The property will be renamed Eddison at Deerwood Park and will undergo $2.6 million in capital improvements. This is the firm’s fourth Jacksonville-area apartment community in their current portfolio.

“Jacksonville has shown consistency in leveraging its multiple industries such as e-commerce and financial technology, creating jobs that attract a talented workforce and new residents to the city,” said Christine DeFilippis, Chief Investment Officer at American Landmark Apartments. “With Amazon announcing its ninth confirmed facility and manufacturers like S2A Modular investing in a new facility, Jacksonville retains a job-friendly climate that is expected to grow along with its population.”

This year, the company acquired nine multifamily properties, totaling 2,600 units in Florida, Texas and Georgia. The company also broke ground on a $78 million, 365-unit luxury apartment community in Orlando called Deseo Grande.

Joe Lubeck, CEO of American Landmark Apartments, commented “Our industry faced unprecedented challenges in 2020, but our business model has proven resilient and we’ve been able to use the circumstances as an opportunity to strengthen our team, innovate technologically, and enhance our relationship with residents even further. Throughout COVID, our superior operations platform has continued to deliver strong results despite the pandemic. Our collections have been consistently 97% every month, our occupancy has continued to be strong at a portfolio-wide 95.5%, our renewals have actually increased, and we’ve been able to grow rents. We’re proud of the hard work done by the entire team to navigate the changing market and deliver American Landmark’s goal of high quality investment and management services.”

Built in 2001, Deerwood Park is located at 4435 Touchton Road. One-, two- and three-bedroom units include plank flooring, granite countertops, walk-in closets, crown molding and stainless steel appliances. Community amenities feature a fitness center, playground, volleyball court, swimming pool, clubhouse, multi-use room and conference room.

Situated in the strong southside area, Deerwood Park is found near a variety of transit corridors, employment and retail destinations. Interstate 95 is less than 10 minutes away, offering direct access into Downtown Jacksonville.

For more information, please visit www.alapts.com.

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired Deerwood Park, a 282-unit multifamily community in Jacksonville. The property will be renamed Eddison at Deerwood Park and will undergo $2.6 million in capital improvements. This is the firm’s fourth Jacksonville-area apartment community in their current portfolio.

“Jacksonville has shown consistency in leveraging its multiple industries such as e-commerce and financial technology, creating jobs that attract a talented workforce and new residents to the city,” said Christine DeFilippis, Chief Investment Officer at American Landmark Apartments. “With Amazon announcing its ninth confirmed facility and manufacturers like S2A Modular investing in a new facility, Jacksonville retains a job-friendly climate that is expected to grow along with its population.”

This year, the company acquired nine multifamily properties, totaling 2,600 units in Florida, Texas and Georgia. The company also broke ground on a $78 million, 365-unit luxury apartment community in Orlando called Deseo Grande.

Joe Lubeck, CEO of American Landmark Apartments, commented “Our industry faced unprecedented challenges in 2020, but our business model has proven resilient and we’ve been able to use the circumstances as an opportunity to strengthen our team, innovate technologically, and enhance our relationship with residents even further. Throughout COVID, our superior operations platform has continued to deliver strong results despite the pandemic. Our collections have been consistently 97% every month, our occupancy has continued to be strong at a portfolio-wide 95.5%, our renewals have actually increased, and we’ve been able to grow rents. We’re proud of the hard work done by the entire team to navigate the changing market and deliver American Landmark’s goal of high quality investment and management services.”

Built in 2001, Deerwood Park is located at 4435 Touchton Road. One-, two- and three-bedroom units include plank flooring, granite countertops, walk-in closets, crown molding and stainless steel appliances. Community amenities feature a fitness center, playground, volleyball court, swimming pool, clubhouse, multi-use room and conference room.

Situated in the strong southside area, Deerwood Park is found near a variety of transit corridors, employment and retail destinations. Interstate 95 is less than 10 minutes away, offering direct access into Downtown Jacksonville.

For more information, please visit www.alapts.com.