The 408-unit Tempe Metro Apartments will be renamed “The Access”

 

PHOENIX (July 26, 2022) – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Tempe Metro, a 408-unit apartment community located in Tempe, Ariz., within the Phoenix metropolitan area. The property has been renamed “The Access.” 

 

This marks the company’s expansion into the Arizona multifamily market. 

 

“Phoenix is one of the most dynamic, and fastest-growing cities in the country, ranking just behind Miami as the most popular migration destination in the U.S.,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “With a diversified economy offering jobs in high tech, finance, hospitality/service, and education, Phoenix will continue to experience above-average job growth, and demand for high-quality apartments is likely to remain for the long-term.”   

  

Built in 2010 and located at 1811 E. Apache Boulevard, The Access offers studio, one-, two- and three-bedroom floor plans ranging from 485 to 1,328 square feet. The apartments feature nine- to seventeen-foot ceilings, private balconies with city views, gated underground parking, a double stainless-steel sink, dishwasher, full-size washer and dryer and walk-in closets. This pet-friendly community includes a wide range of amenities such as resort-style swimming pools with a sundeck, a clubhouse with a social lounge and work areas, an outdoor spa, 24/7 fitness center and spin room, outdoor kitchen and grilling stations, a rooftop basketball court and safety features like a controlled-access gate and onsite courtesy patrol. 

 

The property is situated off State Route 101, just a 10-minute drive to Arizona State University, the city’s largest employer and cultural hub for art and history exhibitions, concerts and other events that draw students and non-students alike. 

 

About American Landmark 

American Landmark Apartments is one of the fastest-growing multifamily owner-operators in the United States and ranks No. 33 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 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.

The 293-unit apartment community is situated within the Energy Corridor

 

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired the 293-unit H6 Apartments in Houston, Texas, and renamed it “Neo at Ten.” In addition to being located within the Energy Corridor, the apartments also provide easy access to the Memorial Hermann Health Systems campus and a variety of other healthcare businesses throughout the western I-10 corridor.

 

“This is a Class A property in an outstanding premier business center location,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “In addition to being within walking distance or a short drive to some of the city’s largest employers, it is also close to numerous parks for families looking to spend some time outside in the suburbs of Houston.”

 

The Energy Corridor contains over 26 million square feet of office space and is home to many energy sector companies, including BP America, Citgo and Shell Oil Company, to name a few. Non-energy firms like Sysco and Gulf States Toyota Distributors also have a corporate presence within the area.

 

Built in 2016 and located at 14805 Grisby Road, Neo at Ten offers one- and two-bedroom floor plans ranging from 475 to 1,444 square feet. Apartments feature stainless steel appliances, European cabinetry, granite countertops, vinyl flooring, a dishwasher, walk-in closets, framed vanity mirrors, a balcony, washer and dryer, high-speed internet and a security system, while on the penthouse floor, residents get upgraded amenities including white quartz countertops, Nest thermostats, 14-foot ceilings and other luxuriously appointed finishes. Amenities at this upscale community include a resort-style pool, 24-hour strength training and cardio studio, bicycles and trails to ride on, a game room, a fully equipped business center and a Zen Garden.

 

The property is located at the junction of Highway 6 and I-10, near numerous parks, including Terry Hersey Park, George Bush Park and Bear Creek Pioneers Park, and just a short drive to downtown Houston.

 

Cavalli at Iron Horse Station is the company’s fourth Fort Worth multifamily community 

 

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Cavalli at Iron Horse Station, a brand-new, 328-unit apartment community located in the Fort Worth submarket of North Richland Hills, Texas. This is American Landmark’s fourth multifamily apartment community in Fort Worth, and its 12th in the Dallas-Fort Worth metro area. 

 

According to Moody’s Analytics, the pandemic accelerated a wave of professional relocations to the Dallas-Fort Worth area, and net migration is expected to grow by 42 percent in 2022 alone. Employment is also projected to increase by 4.8 percent.

“The Dallas-Fort Worth area has enjoyed one of the strongest post-pandemic recoveries in the country and is poised for even more job and population growth in the year ahead,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “That, combined with the large presence of many Fortune 500 companies in the region, made this an ideal market in which to expand American Landmark’s presence with a Class A multifamily property that offers all the top-notch finishes and amenities that today’s residents expect.”

Built in 2021 and located at 6490 Iron Horse Boulevard, Cavalli at Iron Horse Station offers one-, two- and three-bedroom floor plans ranging from 605 to 1,298 square feet. Apartments feature high 9-foot ceilings with Energy Star-rated ceiling fans and custom light fixtures, vinyl-wood plank flooring, granite countertops, garden bathtubs or walk-in showers, energy-efficient water heaters and stainless-steel appliances, large covered patios or balconies and walk-in closets. 

 

The pet-friendly community also provides a wide range of modern amenities, including a resident lounge with Wi-Fi, resort-style swimming pool, media room with shuffleboard and foosball, fitness center and yoga studio, barbeque and picnic area, pet park, spa and grooming station, 24-hour emergency maintenance and controlled-access entry.  

 

The property is conveniently located just 5 minutes north of the I-820 Express, an easy 30-minute commute to downtown Fort Worth or downtown Dallas The property offers a suburban lifestyle close to various dining and shopping options, like North East Mall and Melbourne Plaza.

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired the 357-unit Ardmore King’s Grant Apartments in Charlotte, and 270-unit Ardmore Cates Creek apartments in Hillsborough, North Carolina. The Charlotte apartments have been renamed “Conrad at Concord Mills,” and the apartments in Hillsborough are now “Cadence at Cates Creek,” and will receive apartment interior upgrades as well as enhancements to property amenities.
 

“These two properties allow American Landmark to maintain a presence in both the Charlotte and Raleigh markets as we sell off other assets within those markets,” explained Christine DeFilippis, Chief Investment Officer of American Landmark.  “North Carolina has seen a tremendous amount of balanced job and population growth. With their premium locations and extraordinary amenities, Conrad at Concord Mills and Cadence at Cates Creek allow us to expand our offerings to residents and differentiate ourselves in a competitive marketplace for value-add multifamily product.” 

 

American Landmark will enhance both properties with landscaping beautification efforts and property amenity upgrades, along with adding new subway tile kitchen backsplashes, upgraded cabinets, new faucets and lighting fixtures, new ceilings fans and new USB outlets to each of the apartments.   

 

Built in 2015 and located at 9015 Kings Grant Drive, Conrad at Concord Mills offers one-, two- and three-bedroom floor plans ranging from 740 to 1,430 square feet. Apartments feature open-concept floor plans, 9-foot ceilings, crown molding, granite countertops and designer cabinetry, plank-style flooring in some units, oversized bedrooms, pendant and track lighting, walk-in closets, electronic thermostats, and balconies or private patios. Amenities at this pet-friendly community include a resort-style pool, grilling pavilions, fitness center with TRX and cycling studio, complimentary Starbucks coffee bar, pet play area and pet wash station, car wash station, and valet trash.

 

The property is located just minutes from the I-485 and I-85 interchange in the Mallard Creek-Withrow Downs neighborhood of northeast Charlotte, just 10 minutes from University City near the University of North Carolina-Charlotte campus, and the Concord Mills Mall.
 

Built in 2016 and located 100 Waterstone Park Circle in Hillsborough, Cadence at Cates Creek offers one-, two- and three-bedroom floor plans ranging from 753 to 1,509 square feet. Apartments feature open-concept floor plans, 9-foot ceilings, crown molding, modern kitchens with granite countertops, stainless steel appliances and designer cabinetry, plank-style flooring in some units, oversized bedrooms, pendant and track lighting, walk-in closets, electronic thermostats, and balconies or private patios. Amenities at this pet-friendly community include a saltwater swimming pool, on-site clubhouse with resident lounge, 24-hour high tech business center, 24-hour elite fitness center, two sizes of garages, outdoor fireplace with lounge, poolside grilling pavilion, complimentary Starbucks coffee bar, pet park, pet washing station, and laundry facilities.  

 

Located in the residential, forested outer Chapel Hill area, Cadence at Cates Creek is just five minutes from the University of North Carolina Hospitals Hillsborough campus, just 20 minutes from the University of North Carolina Chapel Hill campus, 20 minutes from Durham and 40 minutes from Raleigh.  

The JV closed on the acquisition of a 288-unit property just 40 minutes outside of the legendary country music capital

 

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces that it has entered a joint venture partnership with BentallGreenOak (“BGO”), a global real estate investment management advisor, to acquire Vantage at Murfreesboro. Located in Murfreesboro, a suburb of Nashville, the newly built multifamily apartment community will be renamed The Edge.

 

This is American Landmark’s fifth apartment community in Tennessee and second joint venture acquisition with BentallGreenOak. In September of 2021, the JV acquired the Parc at Murfreesboro, a newly built 359-unit community in the same city.

 

“The population in Tennessee is at an all-time high, making a significant demand for high-quality apartments with a wide range of amenities,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “On top of this, the cost of living in this area is relatively low, making it a popular place for people to live, and there is a large cluster of healthcare companies in this city driving job growth.”

 

Built in 2020 and located at 3833 Manson Pike Road, the newly re-named multifamily apartment complex, The Edge, offers one-, two- and three-bedroom floor plans ranging from 605 to 1,150 square feet. Apartments feature 9-foot ceilings, wood-inspired flooring, all electric modern kitchens with sleek black Energy Star-rated appliances, an in-unit washer/dryer, a spacious private patio, walk-in closets and some units with large fenced-in yards.

 

The Edge is situated in a gated community and offers an array of resort-style amenities, including a swimming pool, barbeque and picnic area, 24-hour fitness studio, tech center that provides MAC and PC computers, media lounge with an internet café that serves Starbucks coffee and 24-hour emergency maintenance. This pet-friendly community also offers two dog parks, and a dog grooming station.

 

The property is conveniently located near Interstates 24 and 840, offering an easy 40-minute commute to downtown Nashville for various dining, shopping and arts venues.

 

 

 

 

 

 

American Landmark Acquires Boulders Lakeside Apartments Near Richmond, Virginia

 

The 248-unit Boulders Lakeside Apartments is with 10 miles of three of Virginia’s most prominent universities and downtown Richmond

 

 American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired the 248-unit Boulders Lakeside Apartments in North Chesterfield, Va. Boulders Lakeside will be the company’s first Virginia multifamily acquisition since 2016.

 

So far this year, American Landmark has acquired more than $1.3 billion in apartment communities throughout the Sunbelt states of Texas, Florida, Georgia, and North and South Carolina, and has a significant presence in the Florida metros of Orlando, Tampa, Jacksonville and South Florida. 

 

“The Boulders Lakeside Apartments are situated within miles of luxury shopping, restaurants, Virginia’s biggest universities, and numerous medical facilities including Chippenham and Johnston-Willis Hospitals,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “This property is a great addition to our portfolio and offers attractive and affordable residence opportunities to both professionals, medical staff and students alike.”

 

Built in 2020 and located at 1006 Boulder Lake Terrace, Boulders Lakeside Apartments offers resort-style living surrounded by picturesque woodlands alongside a peaceful private lake. With one- and two-bedroom floor plans ranging from 757 to 1,156 square feet, the apartments offer generous space and chef-inspired kitchens with stainless steel appliances and quartz countertops. Community amenities include a cozy TV lounge with fireplace, expansive pet park and pet washing station, grilling stations, alfresco dining area, resort-style pool with spacious sundeck, walking trails, and a fully equipped yoga, TRX, and cycling studio.

 

The property is just minutes from the popular Stony Point Fashion Park, an upscale outdoor mall with several restaurant choices. Virginia’s James River partially bounds North Chesterfield on the north and east ends, and Powhite Park is a wooded space near Richmond, known for its trails and beaver dams. The apartments are also within 15 minutes of Richmond and within 10 miles of three of Virginia’s universities, The University of Richmond, Virginia Commonwealth University, and Virginia Union University. The property is approximately 31 minutes from Richmond International Airport. 

Page 1 of 7