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.

Radius Winter Park and Ashford at Feather Sound have a combined 624 units

ORLANDO (October 1, 2020) – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, is expanding its footprint in Central Florida. The company has acquired the 336-unit Radius Winter Park, located in Casselberry, Fla., along with the 288-unit Ashford at Feather Sound, located in Clearwater, Fla. for an undisclosed price in a privately negotiated transaction. The properties will be renamed Oynx Winter Park and Fairways at Feather Sound, respectively.

This acquisition brings American Landmark’s portfolio up to approximately 34,000 apartment units across the Southeastern U.S. It owns and operates six multifamily communities in the Tampa metro area and eight in the Orlando metro area.

“These are two fabulously located, presently underperforming assets in two of the strongest job markets in Florida,” said Christine DeFilippis, chief investment officer at American Landmark. “Tampa’s economy and rental market has proven resilient throughout the pandemic, and while Orlando’s job market was temporarily up-ended by the closure of theme parks and entertainment venues, jobs are starting to return and apartment demand will likely be shored up by an increasingly diversified economy which is driving apartment demand, as well as in-migration from other parts of the country.”

 American Landmark will make significant upgrades to both properties immediately to meet its portfolio-wide standards. Upgrades to units include granite countertops, new cabinets, tile backsplash, stainless steel appliances, nickel-brushed plumbing fixtures, luxury lighting fixtures, USB outlets and electronic locks. Community enhancements and upgrades will include new pool furniture, a renovated fitness center/clubhouse, new pool furniture, landscape enhancements and more.         

Radius at Winter Park is located at 100 Reflections Circle in Casselberry and consists of 16 two- and three-story buildings on a 33-acre site. The community offers one- and two-bedroom floor plans ranging from 468 to 998 square feet. Current community amenities include a fitness center, resort-style pool, pool deck, clubhouse, grilling and picnic areas, internet café, dog park, 24-hour laundry facility, package lockers, playground and pet spa. Radius at Winter Park is located at the convergence of the Winter Park, Maitland and Casselberry submarkets, approximately 25 minutes northeast of downtown Orlando.

Ashford at Feather Sound is located at 13621 Feather Sound Circle East in Clearwater, and consists of 21 two-story buildings and a clubhouse on 21.6 acres.

The property offers one- and two-bedroom units ranging from 608 to 1,067 square feet.

Current amenities include a 24-hour fitness center, a heated swimming pool, a hot tub, pool deck, renovated clubhouse, grilling and picnic areas, business center, dog park, two lakes and a tennis court. 

Located on the southern edge of Clearwater, Ashford at Feather Sound is located in a major employment corridor in Tampa Bay, with close proximity to St. Pete-Clearwater International Airport, the Carillon Office Park and the Raymond James Financial Global HQ (one of the largest employers in Tampa Bay). The property is also within easy access of I-275, providing a direct route to the downtowns of St. Petersburg and Tampa, as well as a brief 20-minute drive to the Clearwater and St. Petersburg beaches.

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About American Landmark

American Landmark Apartments/Electra America is one of the fastest-growing multifamily owner-operators in the United States. Based in Tampa, Florida, American Landmark specializes in the opportunistic acquisition and aggressive management of value-add multifamily assets located in high-growth markets throughout the Southeast United States. Our current portfolio consists of approximately 33,000 units in Florida, Georgia, North Carolina, South Carolina and Texas. The sponsorship team has a solid 25-year track record in the multifamily arena, having purchased and successfully exited over 150,000 units. Including the sale of its public company, Landmark Apartment Trust, for $1.9 billion in 2015, the leadership team has delivered an average 23 percent IRR to investors over the past 25 years and our current funds are outperforming projections. We believe in alignment of interests between sponsors and investors, and full and transparent audited reporting in both GAAP and IFRS. American Landmark is committed to delivering great service and outstanding living environments to residents; and delivering consistent, attractive risk-adjusted returns to investors and partners.

The 330-unit The Vinings at Palm Bay has been renamed The Braxton

Melbourne, Fla. (August 17, 2020) – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired The Vinings at Palm Bay, a 320-unit apartment community located in Palm Bay, Florida. The community has been renamed The Braxton and will undergo a $3 million capital improvements and rebranding program.

With this acquisition, American Landmark now owns and operates 22 multifamily communities in Florida and has a national portfolio in excess of 33,000 units.

The Braxton is conveniently located in the booming Space Coast region of Florida, home to thousands of a high-tech aviation and manufacturing jobs and employers such as Harris Corporation, Northrop Grumman, SpaceX, and Space Coast Credit Union. It is 10 minutes from many Atlantic Ocean beaches and Eastern Florida State College - Palm Beach Campus; 30 minutes from Patrick Air Force Base, and under 45 minutes from Titusville and Cape Canaveral.

Earlier this year, the Milken Institute, a nonpartisan economic think tank, named the Space Coast region as one of the top 10 best-performing cities in the U.S., alongside major metros like San Francisco, Seattle and Austin, Texas.

“Palm Bay and the surrounding cities of Melbourne, Titusville and Cape Canaveral are   enjoying significant job and population growth due to the area’s strong high-tech, defense and aerospace sectors, so now is an excellent time to be investing in quality rental housing in this region which will remain an important contributor to the U.S. economy for years to come,” said Christine DeFilippis, chief investment officer at American Landmark.

American Landmark plans to upgrade a variety of features throughout the property in a comprehensive value-add program. Unit upgrades include granite countertops, new cabinets, backsplash, stainless steel appliances, nickel-brushed plumbing fixtures, luxury lighting fixtures, USB outlets and electronic locks. For the site, improvements include a grilling table, dog park and renovated fitness center/clubhouse, swimming pool and landscaping.

Built in 1987, The Braxton is located 1000 Palm Place Drive Northeast and consists of one-, two- and three-bedroom apartments ranging in size from 595 square feet to 1,356 square feet. Apartments include open floor plans, fully-equipped kitchens, a private patio or balcony, in-unit washer/dryer and elegant fixtures. Community amenities include two swimming pools, fitness center, tennis court and more.

Tampa, Fla. (May 11, 2020) – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has been named to Inc. magazine’s annual list of the Best Workplaces for 2020. Hitting newsstands May 12 in the May/June 2020 issue, and as part of a prominent Inc.com feature, the list is the result of a wide-ranging and comprehensive measurement of American companies that have created exceptional workplaces through vibrant cultures, deep employee engagement, and stellar benefits.

 American Landmark specializes in the opportunistic acquisition and aggressive management of value-add multifamily assets located throughout the Southeast United States. The firm’s portfolio consists of over 30,000 apartments in desirable metros areas in Georgia, Florida, Texas, Tennessee, North and South Carolina. American Landmark ranks No. 31 among the Top 50 Largest Apartment Owners in 2020, according to the National Multifamily Housing Council’s annual list.

 “What makes American Landmark a great place to work is our focus on our people,” said CEO Joe Lubeck. “We’ve intentionally fostered a culture that promotes personal and professional growth, and cultivates each individual’s unique talents and strengths. We’re committed to providing opportunities for growth, advancement and diversity to our team members, and that gives everyone a great deal of pride in working here.”

Collecting data from more than 3,000 submissions, Inc. singled out 389 finalists for this year’s list. Each nominated company took part in an employee survey, conducted by Quantum Workplace, on topics including trust, management effectiveness, perks, and confidence in the future. Inc. gathered, analyzed, and audited the data. Then we ranked all the employers using a composite score of survey results. This year, 73.5 percent of surveyed employees were engaged by their work.

The strongest engagement scores came from companies that prioritize the most human elements of work. These companies are leading the way in employee recognition, performance management, and diversity. It is a different playbook from a decade ago, when too many firms used the same template: free food, open work environments, and artifacts of “fun.”

 “Building a great corporate culture comes only from strong leadership,” says Inc. magazine editor-in-chief Scott Omelianuk. “The companies on Inc.’s Best Workplaces list are setting an example that the whole country can learn from, especially now, when company culture is more important to the workforce than ever.”

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

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About American Landmark

American Landmark Apartments/Electra America is one of the fastest-growing multifamily owner-operators in the United States. Based in Tampa, Florida, American Landmark specializes in the opportunistic acquisition and aggressive management of value-add multifamily assets located in high-growth markets throughout the Southeast United States. Our current portfolio consists of approximately  30,000 units in Florida, Georgia, North Carolina, South Carolina and Texas. The sponsorship team has a solid 25-year track record in the multifamily arena, having purchased and successfully exited over 150,000 units. Including the sale of its public company, Landmark Apartment Trust, for $1.9 billion in 2015, the leadership team has delivered an average 23 percent IRR to investors over the past 25 years and our current funds are outperforming projections. We believe in alignment of interests between sponsors and investors, and full and transparent audited reporting in both GAAP and IFRS. American Landmark is committed to delivering great service and outstanding living environments to residents; and delivering consistent, attractive risk-adjusted returns to investors and partners.

About Inc. Media

The world’s most trusted business-media brand, Inc. offers entrepreneurs the knowledge, tools, connections, and community to build great companies. Its award-winning multiplatform content reaches more than 50 million people each month across a variety of channels including websites, newsletters, social media, podcasts, and print. Its prestigious Inc. 5000 list, produced every year since 1982, analyzes company data to recognize the fastest-growing privately held businesses in the United States. The global recognition that comes with inclusion in the 5000 gives the founders of the best businesses an opportunity to engage with an exclusive community of their peers, and the credibility that helps them drive sales and recruit talent. The associated Inc. 5000 Conference is part of a highly acclaimed portfolio of bespoke events produced by Inc. For more information, visit www.inc.com.

About Quantum Workplace

Quantum Workplace, based in Omaha, Nebraska, is an HR technology company that serves organizations through employee-engagement surveys, action-planning tools, exit surveys, peer-to-peer recognition, performance evaluations, goal tracking, and leadership assessment. For more information, visit QuantumWorkplace.com.

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired The Tradition at Summerville, a 232-unit multifamily asset in Summerville, South Carolina. The property will undergo a $2.7 million capital improvements project and be renamed The Bryant at Summerville.

This is the firm’s third acquisition in the growing Summerville neighborhood north of Charleston, with the firm planning to acquire up to $2 billion in multifamily properties throughout the Southeast and Texas.

“The Southeast has remained a preferred market of ours due to its strong fundamentals, especially burgeoning markets like Summerville that we identified right when it began demonstrating significant potential for growth,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “The area has shown a considerable rise in jobs and population since our entry in 2018, offering a compelling opportunity to seek additional assets in this rising market just north of Charleston.”

The Charleston-based NKF Multifamily Capital Markets Team including Senior Managing Director Alex Okulski; Vice Chairmen Sean Wood, John Heimburger and Dean Smith; and Managing Directors John Munroe and Jason Kon brokered the transaction. 

American Landmark plans to upgrade a variety of features throughout the property in a comprehensive value-add program. Unit upgrades include granite countertops, new cabinets, backsplash, stainless steel appliances, nickel-brushed plumbing fixtures, luxury lighting fixtures, USB outlets and electronic locks. For the site, improvements include a grilling table, dog park and renovated fitness center/clubhouse, swimming pool and landscaping.

Built in 2004, Tradition at Summerville is located at 325 Marymeade Drive. One-, two- and three-bedroom units include open floor plans, crown molding, screened patio/balcony and full size washer and dryer. Community amenities include a fireside lounge, outdoor summer kitchen, business center, nature trail, swimming pool, fitness center and lounge.

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

Tampa, Fla. - American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has launched a new Artist in Residence grant program designed to create an engaging and inspiring living experience for residents. The program, currently being piloted at two South Florida properties (Midtown 24 in Plantation and Beach Walk at Sheridan in Dania Beach), will provide no-cost housing and studio space for up to one year for the visual artist selected.

In return, grant recipients will be responsible for implementing community-wide, on-site art programs, children’s art classes, live painting demonstrations and other creative enrichment opportunities that bring the community together and enhance the resident living experience.

“As a leading multifamily firm, we’re constantly seeking new and innovative ways to enhance the resident experience and embrace the community,” said Joe Lubeck, CEO of American Landmark. “One of the best ways to do that is through art, which creates a vibrant and engaging atmosphere that brings people together for a shared experience. Today’s residents want more than a place to live, they want a home where they can thrive, meet others and share unique experiences, and American Landmark is at the forefront of inspiration in that realm with this program.”

Grant applications are being accepted until March 1, 2020, and residencies will begin on May 1, 2020.  Artists over the age of 18 who work in a variety of visual arts disciplines are welcome to apply, including muralists, large scale painters, public artists, mixed media artists and installation artists.

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