The 400-unit Element at Stonebridge is just a 10-minute drive from Virginia’s capital
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Element at Stonebridge, a 400-unit apartment community located in Chesterfield, Va., just south of Richmond.
This marks American Landmark’s second acquisition in Virginia this year, following Boulders Lakeside Apartments in January.
“Element at Stonebridge is only a mile away from our previous acquisition, Boulders Lakeside Apartments, where we have seen great success so far,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “The area is an affordable and attractive place to live with easy access to downtown Richmond. We are pleased to continue growing in North Chesterfield.”
Built in 2016 and located at 301 Karl Linn Drive, Element at Stonebridge offers one- and two-bedroom floor plans ranging from 563 to 1,236 square feet. The apartments include designer wood cabinets, granite counters with deep sinks and chrome fixtures, a full-size washer and dryer, plank flooring and plush carpets, large walk-in closets and island kitchens in most units. This court-style community features a salt-water pool, 24-hour fitness center, yoga studio, clubroom with billiards and TVs, outdoor game and TV lounge, courtyard with grills and firepit, 24-hour business center and community Wi-Fi.
The property is situated just off Chippenham Parkway, at the intersection of Midlothian Turnpike, and only 10 minutes to the state capital, Richmond. Nearby, residents can find various historical activities, restaurants, shops and colleges such as The University of Richmond, Virginia Commonwealth University and Virginia Union University.
ABOUT AMERICAN LANDMARK APARTMENTS
American Landmark Apartments is one of the fastest-growing multifamily owner-operators in the United States and ranks No. 35 on the National Multifamily Housing Council list of the top apartment owners in the country with approximately 34,000 apartment units in its portfolio. Based in Tampa, Florida, American Landmark specializes in the acquisition and management of value-added multifamily properties located in high-growth markets throughout the Sunbelt, including Arizona, Georgia, Florida, North Carolina, South Carolina, Tennessee and Texas. 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. For more information, please visit www.alapts.com.
