“Hollie’s experience brings a complementary perspective to American Landmark’s current trajectory and goals,” said Joe Lubeck, CEO of American Landmark. “We look forward to her contributions as we continue providing our residents with exceptional service.”
Prior to joining American Landmark, Lawing served as a manager for YieldStar Advisory Services, a division of leading real estate software provider RealPage. In this role, she oversaw a team of eight advisors; created partnership reviews for national and regional clients; led, trained and developed advisory services; and identified risks while providing revenue positive solutions.
Bringing over 17 years of commercial real estate knowledge in the multifamily sector, Lawing launched her career in leasing and rapidly moved through various community roles. Prior to her role at YieldStar Advisory, she served as district manager for a national REIT, where she reduced expenses through contract negotiations, completed renovations and conversions to stabilize communities, and achieved 7 percent revenue growth on multiple sites.
Lawing received her CAPS designation in 2014 and currently teaches real estate at the Apartment Association of Greater Dallas and Apartment Association of Tarrant County. Lawing has frequently been invited to speak at regional association conferences.
Hollywood, Fla. –
, a Washington D.C.-based firm that specializes in competitively priced, flexible and reliable capital solutions for real estate partners, provided joint venture equity for the acquisition.
American Landmark, and its debt and equity partner Electra America, are acquiring value-add properties in distinct locations across the Southeast. The firm, which has already acquired 14 properties this year worth over $700 million, expects to complete $1.5 billion in multifamily acquisitions in 2018.This is their fourth acquisition in the South Florida metropolitan area.
The firm plans to implement its standard enhancements to interiors and common areas with contemporary amenities, including granite countertops, backsplash, new plumbing and lighting fixtures, bathroom accessories, plank flooring, lush landscaping, and fresh paint. Improvements to and expansion of the community clubhouse, fitness center, and swimming pools will also be a large component of the renovation.
“The addition of The EnV to our South Florida portfolio allows us to further capitalize on the demand created by limited affordability. The EnV expands the menu of options to our residents with a commuter-friendly location and rents at a discount to downtown and beach-centric locales,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “Vintage rental communities in Broward County are a novelty. The ability to acquire another asset in the Fort Lauderdale MSA gives us the opportunity to expand our offerings to residents and raise the standard of living.”
Built in 1987, Park Colony Apartments is located at 812 S. Park Road. One-, two-, and three-bedroom units offer dishwasher, refrigerator, washer/dryer, private balcony/patio, and ceiling fans. Community amenities include a business center, breakfast bar, dog park, two sparkling swimming pools, video library, and tennis court.
Situated in the Park East neighborhood of Hollywood, Park Colony Apartments is found near important transit routes and employment hubs. Hollywood’s Central Business District is approximately 10 minutes away, and Florida’s Turnpike is less than 10 minutes away. Seminole Hard Rock Hotel & Casino is about 20 minutes away, and North Perry Airport is less than 15 minutes away.
Mansfield, TX – American Landmark,
American Landmark, and its debt and equity partner Electra America, are selectively acquiring value-add properties in strategic locations across the Southeast and Southwest. The firm, whose property portfolio currently consists of approximately 23,000 apartments in five states, expects to complete $1.5 billion in multifamily acquisitions in 2018. All of its newly acquired properties are upgraded and modernized, providing many of the amenities today’s renters desire most.
Senior Managing Director Mitch Sinberg and Associate Director Matt Robbins of Berkadia South Florida, along with Senior Managing Director Bob Falese and Senior Director Matt Cullison of Berkadia’s Philadelphia office, arranged the loan on behalf of American Landmark.
“The Dallas-Fort Worth area has always been an attractive market, more so with its economy expanding and record low unemployment. These fundamentals are conducive to continued demand,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “We are capitalizing on the inherent suburbanization of the DFW MSA facilitated by the recent completion and opening of State Highway 360, providing quick access to downtown employment centers while nestled in Mansfield’s local amenities and attractions.”
American Landmark plans to make improvements to unit interiors and community amenities, including new kitchen backsplashes, plank flooring, and lighting fixture upgrades in bathrooms. Community amenities include fresh breezeway paint, improvements to the clubhouse, fitness center, and swimming pool, as well as the introduction of a mail package system.
Built in 2010, Advenir at Mansfield is located at 370 North State Highway 360. One-, two-, and three-bedroom units include walk-in closets, washer/dryer, and balcony/patio. Community amenities include billiard room, business center with Wi-Fi, pet park, poolside bar with grill station, resort style pool, grill area, and tot lot.
The property is located near important transit routes and employment hubs, including Texas 360 and East Broad Street which are less than five minutes away. Mansfield Sports Complex and Vernon Newsom Stadium are also less than five minutes away, and Methodist Mansfield Medical Center is less than 10 minutes away.
Charlotte, NC - American Landmark,
American Landmark, and its debt and equity partner Electra America, are selectively acquiring value-add properties in strategic locations across the Southeast. The firm, whose property portfolio currently consists of approximately 23,000 apartments in five states, expects to complete $1.5 billion in multifamily acquisitions in 2018. All of its newly acquired properties are upgraded and modernized, providing many of the amenities today’s renters desire most. , has acquired Steele Creek South, a 456-unit multifamily community in Charlotte, North Carolina. The property will be renamed Avant at Steele Creek and will include approximately $3.2 million in property improvements. The property was acquired from Livcor for an undisclosed amount.
“Our focus continues to be on areas with high job and population growth, and after recognizing Charlotte’s excellent fundamentals early on, we look forward to being a part of the community’s growth,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “The fact that Charlotte and its surrounding areas are experiencing some of the nation’s fastest population growth, along with investments by robust service firms and a high-performing school system, made the decision to invest in Charlotte abundantly clear.”
American Landmark plans to make improvements to unit interiors with new kitchen cabinets, backsplashes, stainless steel appliances, lighting fixtures and plank flooring. In addition, the firm will also provide enhancements to the community’s landscaping and clubhouse.
Built in 2007, Steele Creek South is located at 13212 Winter Hazel Road. Units range from one to four bedrooms and include spacious closets, washer and dryer connections, tile flooring, fully equipped kitchens, crown molding and stainless steel appliances. Community amenities include a recycling center, clothes care center, clubhouse with complimentary Wi-Fi, fitness center, sundeck, picnic area and two swimming pools.
The property is located near restaurants, parks, stores and transit routes NC-49 and NC-160. Nearby employers include Wells Fargo Bank, The Home Depot and Charlotte Douglas International Airport.
Raleigh and Durham, N.C. – American Landmark
open-concept floor plansThe property will be renamed "200 East" following renovations. It was 95 percent occupied at the time of sale.
Edinborough Commons, located at 6421 Campus Drive in Raleigh, open-concept floor plans
Both properties, which have swimming pools, 24-hour state-of-the-art fitness centers, and tennis and/or volleyball courts, will receive a total of approximately $4.5 million in improvements, including the installation of stainless steel appliances and new kitchen cabinetry, new lighting and plumbing fixtures, installation of washer/dryers in some units, and wide-ranging improvements to common areas including the pools, clubhouse and landscaping.
TAMPA (June 18, 2018) – American Landmark
The four properties acquired in the portfolio are:
· Arbor Terrace, to be renamed One Rocky Ridge, is located at 1 Rocky Ridge Boulevard, Douglasville, GA. Built in 2003, the property has 300 apartments and is 95 percent occupied.
· Summerset, to be renamed The Oxford, is located at 50 Greenleaf Road, Conyers, GA. Built in 1999, the property has 240 apartments and is 96 percent occupied.
· Bella Apartments Homes, to be renamed The Aspect, is located at 3101 Segreto Lane, Kissimmee, Fla. Built in 2010, the property has 432 units and is 96 percent occupied. RSE Capital provided joint-venture equity for this acquisition.
· Arbor Village is located at 10825 Dorchester Road, Charleston, S.C. Built in 2014, the property has 240 units and is 93 percent occupied.
“As the unemployment rate continues to decrease nationwide, our focus continues to be on high-growth areas where we can provide exceptional value-add amenities and services to residents,” said Christine DeFilippis, Chief Investment Officer at American Landmark. “We’re looking forward to additional opportunities that will allow us to elevate the living experience for area residents while still providing homes at price points that they can afford.”
American Landmark, and its debt and equity partner Electra America, are selectively acquiring value-add properties in strategic locations across the Southeast. The firm, whose property portfolio currently consists of approximately 23,000 apartments in five states, expects to complete $1.5 billion in multifamily acquisitions in 2018.
RSE Capital, a Washington D.C.-based firm that specializes in aggressively priced, flexible and reliable capital solutions for real estate partners, provided joint-venture equity for the acquisition of Bella Apartments in Orlando. RSE Capital Partners has invested $150 million in multifamily and residential assets year to date, and is on track to deploy $300 million in 2018.