Tampa, FL – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has announced its intentions to add another $2 billion in apartment properties to its growing multifamily portfolio in 2019 – exceeding its 2018 investment target. The privately held company, which specializes in value-add multifamily acquisitions and repositioning, acquired nearly 9,000 apartments worth over $1.5 billion in 2018. The company’s total portfolio now exceeds 25,000 apartments, valued at over $4 billion, in key markets throughout the Southeast and Texas.

Specifically, American Landmark is focused on expanding its portfolio of workforce apartments in fast-growing Sun Belt markets like Orlando and Jacksonville, Fla.; Raleigh and Charlotte, N.C.; and Houston, Texas; which are all experiencing above-average job growth and a significant influx of new residents. 

“We achieved our goal of $1.5 billion in acquisitions in 2018, capping off a successful year that exemplifies our strength at identifying off-market opportunities and executing quickly,” said Joe Lubeck, CEO of American Landmark Apartments. “We intend to stay the course in 2019 and continue to focus on Sun Belt cities where job and population growth remains healthy and the demand for workforce apartments – particularly Class A minus and B product – is incredibly strong. It feels like we’re in the 17^th inning for multifamily real estate now, but with more people renting than ever before, I think we’ve still got several innings ahead of us.” 

In 2018, American Landmark acquired 28 multifamily assets in key markets throughout the Southeast and Texas, adding 8,960 apartments to its portfolio. The company simultaneously divested $800 million in assets. American Landmark acquisitions in 2018 are listed below according to geography:

Florida

·         Beach Walk, a 240-unit apartment community in Dania Beach, Fla.

·         Park Colony, a 316-unit apartment community in Hollywood, Fla.

·         Siena Apartments, a 292-unit apartment community in Plantation, Fla.

·         Hidden Harbor Apartments, a 200-unit apartment community in Royal Palm Beach, Fla.

·         Carlyle at Crosstown, a 300-unit apartment community in Tampa, Fla.

·         The Aspect, a 432-unit apartment community in Kissimmee, Fla.

·         High Ridge Landing, a 184-unit apartment community in Boynton Beach, Fla.

·         West End at 76Ten, a 216-unit apartment community in Tampa, Fla.

North Carolina

·         The Vive at Kellswater, a 312-unit apartment community in Charlotte, N.C.

·         Highlands at Alexander Pointe, a 309-unit apartment community in Charlotte, N.C.

·         The Oaks, a 318-unit apartment community in Charlotte, N.C.

·         Madison Square at Northlake, a 287-unit apartment community in Charlotte, N.C.

·         The Madison, a 460-unit apartment community in Charlotte, N.C.

·         Sterling Town Center, a 339-unit apartment community in Raleigh, N.C.

·         Steele Creek South, a 456-unit apartment community in Charlotte, N.C.

·         Edinborough Commons, a 312-unit apartment community in Raleigh, N.C.

·         Edinborough at the Park, a 330-unit apartment community in Durham, N.C.

South Carolina

·         Arbor Village, a 240-unit apartment community in Charleston, S.C.

Texas

·         Emery Bay, a 316-unit apartment community in Dallas

·         Legends at Ridgeview Ranch, a 480-unit apartment community in Plano, Texas

·         Haven at Liberty Hills, a 246-unit apartment community in Houston

·         Hilltops Apartments, a 208-unit apartment community in Houston

·         Advenir at Mansfield, a 334-unit apartment community in Mansfield, Texas

Tennessee

·         Verse on Bell, a 336-unit apartment community in Nashville, Tenn.

·         Brentridge Apartments, a 327-unit apartment community in Antioch. Tenn.

Georgia

·         One Rocky Ridge, a 300-unit apartment community in Douglasville, Ga.

·         The Oxford, a 240-unit apartment community in Conyers, Ga.

·         Madison at River Sound, a 586-unit apartment community in Lawrenceville, Ga.

Tampa, Fla. - American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Carlyle at Crosstown, a 300-unit garden-style community in Tampa. Located just 15 minutes east of Downtown Tampa, the asset marks the firm’s fifth acquisition in the Tampa market. The property was 96.3 percent occupied at the time of sale.

American Landmark, and its equity partner Electra America, continues to selectively acquire properties in excellent locations across the Southeast and Southwest. This is the company’s 28^th property acquisition worth $1.5 billion since the beginning of 2018, adding over 9,000 apartment units to its portfolio.

The firm plans to implement approximately $2.3 million of interior and exterior capital improvements. Unit enhancements will include smart thermostats, closet cabinet systems, and electronic key fobs. Community upgrades will include a package locker system, clubhouse improvements, and verdant landscaping.

“Tampa has always been an attractive market to invest and grow in, particularly because of its consistent opportunities in labor and economic growth,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “Ranked as one of the best cities in the world by Resonance Consultancy, the metro area is receiving the recognition it deserves as a destination with high-quality infrastructure, institutions, and arts, areas that we’ve witnessed firsthand since our initial investment in the city.”

Built in 2009, Carlyle at Crosstown is located at 1820 Crosstown Club Place. One-, two-, and three-bedroom units include granite countertops, black appliances, plank flooring, ceramic tile flooring, and kitchen islands. Community amenities feature a large swimming pool with sundeck, fitness center, business center, clubhouse and lounge, pet grooming station, dog park, and car care center.

Situated between Tampa and Brandon, the community is surrounded by important transit routes offering access to major employers and the greater Tampa area. Selmon Expressway is less than five minutes away, offering a direct route to downtown Tampa, and Interstate 75 is less than 10 minutes away, providing a quick route to Interstate 4 and the rest of Central Florida. MIDFLORIDA Credit Union is under 15 minutes away, and Tampa Executive Airport is only 15 minutes away.

Charlotte, N.C. – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired an ownership stake in Highlands at Alexander Pointe, a 309-unit apartment community in northeast Charlotte. The asset marks the firm’s eighth acquisition in Charlotte and their 12^th acquisition in North Carolina.

American Landmark continues to selectively acquire properties in excellent locations across the Southeast and Southwest. The company has completed 28 property acquisitions worth over $1.5 billion since the beginning of 2018.

“Charlotte’s employment outlook remains not only positive, but diverse with tech and banking highlighting the area’s dynamic labor market,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “These new jobs will drive demand for apartment rentals in both the near and long-term.”

Built in 2002, Highlands at Alexander Pointe offers one-, two-, and three-bedroom apartments. Community amenities include a resort-style pool and fitness center. Located at 310 Highroad Drive, the community is less than five minutes away from Interstate 485, Interstate 85, and University of North Carolina Charlotte.