Robertson oversees the operations of the company’s East Coast multifamily communities
American Landmark, one of the fastest-growing multifamily owner-operators in the country, has promoted Colby Robertson to the role of Executive Vice President of Eastern Operations. In this role, Robertson will oversee day-to-day operations and overall management of the portfolio’s East Coast multifamily communities.
“Colby is a highly effective leader with excellent communication skills, and an aptitude for training and developing professionals under his guidance,” said Stacey Bondar, COO of American Landmark. “Watching Colby develop into an executive role these past four years has been rewarding to me, the team and the company as a whole. This promotion will enable him to apply his mentoring skills and operational expertise more broadly across the portfolio, enhancing the performance of both people and properties, and supporting our company’s long-term employee advancement and retention goals.”
Robertson joined American Landmark in 2017 as a Regional Manager after serving in higher-level management roles with Radco Residential and Aspen Square Management. In January of 2019, he was promoted to Regional Vice President, which included responsibility of 29 assets throughout Florida. A graduate of Florida State University with extensive experience in budgeting, sales, training, and customer relations, Robertson started his professional career as a reporter/web editor for Fox Sports, ABC 27 and Seminole Sports Magazine. He currently resides in Tampa, Fla.
American Landmark has acquired 24 Sunbelt apartment communities with a cumulative value of $1.5 billion thus far in 2021
Tampa, Fla. (December 6, 2021) – American Landmark Apartments, announces it has added three new apartment communities totaling 991 units to its growing multifamily portfolio.
The company recently closed on the acquisition of the 503-unit Phillips at Mallard Creek and Villas at Mallard Creek in Charlotte, N.C; the 222-unit Park 156 in the Atlanta suburb of Lawrenceville, Ga; and the 266-unit Tapestry Westland Village in Jacksonville, Fla. The Charlotte properties will be run as a single property under the name “Latitude,” and Park 156 has been renamed “Artistry at Bethesda.”
“The three properties acquired at the beginning of this month reflect our focus on tertiary markets in Sunbelt states that are undergoing a huge population surge,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “While we remain focused on the value-add segment of the multifamily market, this year we’ve been increasingly active in the acquisition of newer, stabilized product where we believe there is plenty of upside still to be realized. Both the Charlotte and Jacksonville properties were built recently, for example, and met our highly selective criteria in this regard.”
Built in 2020, Tapestry at Westland is a brand new, 28-acre luxury apartment community located at 6505 Collins Road on the west side of Jacksonville, roughly 20 minutes from the downtown and the beaches. The property offers upscale studio, one-, two- and three-bedroom apartment units featuring chef-inspired kitchens with granite countertops, weathered barnwood-style plank flooring, spacious walk-in closets, full-sized washer and dryer, and bathroom vanities with double sinks. Community amenities include a saltwater pool with sun shelf, luxurious resident clubhouse, co-working space/business center, fitness center and yoga studio with on-demand virtual trainer, expansive porch overlooking a resort-style pool, on-site pet park, and outdoor pavilion and grilling stations. The property is located conveniently within one mile of I-295, close to Orange Park and the Jacksonville Naval Air Station.
Built in 2013 and 2019 respectively, Phillips at Mallard Creek and Villas at Mallard Creek both offer one-, two- and three-bedroom floor plans, and are ideally located close to UNC-Charlotte and University City with convenient access to I-85, I-485 and Hwy. 29, and the Light Rail, Blue Line. Located at 655 W. Mallard Creek Church Road, Phillips apartments feature stainless steel appliances, washer/dryer, and optional covered parking or garages. The property’s resort-style amenities include a pool, pet park, 24-hour fitness center, outdoor lounge areas and clubhouse. Villas is located at 1840 Ripple Way and features stainless steel appliances, tall ceilings and wooded views. Amenities include a 24-hour fitness center featuring Matrix equipment, a resort-style swimming pool, and access to a playground and dog park at the newest Charlotte apartments. The properties are just 15 minutes from Concord Mills, Charlotte Motor Speedway, Uptown Charlotte and 20 minutes from Charlotte Douglas International Airport.
Built in 2001 and located at 156 Bethesda Church Road, Park 156 is a gated community just 30 minutes from downtown Atlanta. It offers one-, two- and three-bedroom floor plans with modern design finishes, high vaulted ceilings, granite-inspired countertops and a private patio or balcony. Amenities include a pool, fitness center, dog park, clubhouse, and laundry facilities.
San Antonio, Tex. (October 25, 2021) – American Landmark Apartments, announces it has acquired Palmette Pointe Apartments, a 328-unit apartment community located in the northwest section of San Antonio, Tex., in the city’s Medical Center submarket. This is American Landmark’s seventh property under management in San Antonio.
So far this year, American Landmark has acquired more than $1.3 billion in apartment communities throughout the Sunbelt.
“Measured development of new apartments over the past decade, combined with strong overall job growth, has made San Antonio’s multifamily market increasingly attractive for investors,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “Palmetto Pointe in particular benefits from a terrific location directly on the VIA Metropolitan Transit bus route, across from USAA corporate campus, and within five minutes of the South Texas Medical Center, which boasts nine major medical institutions and hundreds of medical offices that employ over 30,000 professionals.”
Built in 2020, Palmetto Pointe is a gated community located at 4835 USAA Boulevard. The property consists of one- and two-bedroom apartments ranging in size from 653 square feet to 1,451 square feet. Individual apartments feature gourmet kitchens with quartz countertops and stainless-steel appliances, walk-in closets, garden-style bathtubs, private patios and balconies, and full-sized laundry appliances. Community amenities include a resort-style swimming pool with cabanas and outdoor fireplace, clubhouse with state-of-the-art fitness center, business center, internet café, and luxurious entertainment room with Billiards and flat screen TVs.
Located just 20 minutes from downtown San Antonio, the property is just five minutes from the city’s numerous medical facilities at the South Texas Medical Center, 15 minutes from the University of Texas at San Antonio, and close to major shopping and tourist destinations including Topgolf and Fiesta Six Flags.
Built in 2019, V&Three has been renamed “8 Metro Station” to draw attention to its location along Charlotte’s light rail line
American Landmark Apartments, announces it has acquired V& Three, a 338-unit apartment community built in 2019 in the Autumnwood submarket of Charlotte, North Carolina – just five minutes from the University of North Carolina. The property has been renamed 8 Metro Station – a nod to its location along Charlotte’s Blue Rail light rail system – and is the firm’s seventh property under management in the Charlotte metro area.
So far this year, American Landmark has acquired $1.1 billion in apartment communities throughout the Sunbelt, primarily in Florida and Texas.
“The Charlotte metro area enjoyed 9 percent job growth between mid-2020 and mid-2021, and is on track to add another 48,000 jobs over the next 12 months,” said
Built in 2019, 8 Metro Station is located at 5025 Wembley Central Lane and includes one- and two-bedroom apartments along with three-bedroom, one-car garage townhomes. Apartments feature 10-foot ceilings, granite countertops, stainless steel appliances, hardwood-style flooring, in-unit washer/dryer, oversized walk-in closets and a balcony. Community amenities feature a resort-style swimming pool, outdoor grilling area, clubroom/lounge, high endurance fitness studio with Peloton bikes, cybercafé, car care station, self-service bike shop and storage, elevators, 24-hour package concierge, electric car charging stations, bark park and pet spa, and valet trash.
8 Metro Station is conveniently located just steps from the University City Boulevard Blue Line station, offering convenient access to University of North Carolina at Charlotte (20 minutes by rail), and the city’s NoDa and Uptown Districts.
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, is pleased to announce the final closing of American Landmark Fund III and its affiliated entities (“Fund III”) on July 13, 2021. Launched on December 1, 2019, Fund III exceeded its initial hard cap and closed on $918 million in equity commitments from third-party investors.
Fund III is American Landmark’s third closed-end real estate fund focused on the acquisition and management of value-added multifamily properties located in the Sunbelt region. It generated strong demand from existing and new investors and received commitments from domestic and foreign institutions, including sovereign wealth funds, pension funds and endowments.
The capital raised will allow the company to deploy approximately $2.6 billion towards the acquisition and repositioning of multifamily properties.
“Our ability to raise almost $1 billion in capital over the course of this fundraise, amidst the economic uncertainty and market volatility brought on by the pandemic, underscores our global investors’ confidence in American Landmark’s investment strategy and the U.S. multifamily sector at large,” said Joe Lubeck, CEO of American Landmark Apartments.
David Tepperman, Global Head of Capital Markets for American Landmark Apartments, added, “We are gratified with the high quality of global institutional investors that have chosen to commit to this fund and the overwhelming interest in the value-added multifamily sector that these investors expressed.”
American Landmark is both the fund sponsor and a hands-on operator with a portfolio of 34,000 apartment units in Sunbelt markets.
With this acquisition, American Landmark Apartments now owns 47 properties in Texas and 22 in the Dallas-Fort Worth area.
“Demand for new and existing housing continues to keep the Dallas-Fort Worth area at the forefront for us,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “Residential construction has considerably surged since this time last year, indicating continued interest for housing throughout the metro that’s supporting stronger fundamentals and forecasting greater yields for multifamily investments in the workforce category.”
Property improvements will include new smart locks and upgrades toward common areas including the fitness center, clubhouse and landscape beautification.
Built in 2017, Mercantile River District is located at 4921 White Settlement Road. Studios, one-, two- and three-bedroom units include stainless steel appliances, USB outlets, Nest thermostats, granite countertops, private balconies and washer/dryer. Community amenities feature a business center, swimming pool, fitness center and lounge.
Situated in the Riverbend neighborhood of Fort Worth, the community is found near a variety of recreational and retail options. Fort Worth Botanic Garden and Fort Worth Museum of Science & History are less than 10 minutes away. Log Cabin Village is approximately 10 minutes away from the property, with the Fort Worth Zoo also at about the same distance.
For more information, please visit www.alapts.com.