Charlotte, NC – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Integra Springs at Kellswater, a 312-unit multifamily community located in the greater Charlotte area. The asset will be renamed The Vive at Kellswater, and will include $1.355 million in property improvements.

American Landmark, and its debt and equity partner Electra America, are selectively and decisively acquiring value-add properties in excellent locations across the Southeast. The firm, which has already acquired 15 properties this year worth over $800 million, expects to complete $1.5 billion in multifamily acquisitions in 2018. This is their seventh acquisition in North Carolina.

The firm plans to implement its standard enhancements to interiors and common areas with modern amenities including backsplash, upgraded cabinets, plumbing and lighting fixtures in kitchens and bathrooms. Community upgrades include bark park equipment, pool furniture, fitness center equipment, a package locker system buildout, clubhouse upgrades and landscape beautification.

“The addition of The Vive at Kellswater provides an exceptional opportunity to serve residents in Charlotte’s suburbs, an area near major private-sector employers including Wells Fargo and Bank of America,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “Additionally, the revitalization of the Kannapolis area will also continue driving demand for workforce housing, and we are excited to contribute to its continued growth and modernization.”

Built in 2011, The Vive at Kellswater is located at 4800 Integra Springs Boulevard. The community offers one-, two- and three-bedroom units, with community amenities including a clubhouse with televisions, a pool table, tanning beds, swimming pool, and business center. Nearby employers include Vulcan Materials Company, Concord-Padgett Regional Airport, and Charlotte Motor Speedway.