The View of Fort Worth will be rebranded to The Shelby at Northside

 

Fort Worth, Tex. (November 2, 2020) – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired The View at Forth Worth apartments, a 300-unit luxury apartment property located in Fort Worth, Texas. The property was acquired for an undisclosed price. American Landmark will rebrand and rename the property “The Shelby at Northside.”


American Landmark now owns 18 apartment communities in the Dallas-Fort Worth metropolitan area.

 

“This is a brand new luxury property in an excellent location in the highly sought-after Fort Worth submarket of Dallas,” said Christine DeFilippis, chief investment officer at American Landmark. “Suburban sunbelt markets like this one have outperformed other markets throughout the past year due to high in-migration from large cities and high-tax states. This property is an excellent addition to our growing Texas portfolio.”  

 

Built in 2018, The View of Fort Worth is located at 1852 North Eastside Drive, and consists of studio, one- and two-bedroom apartments ranging from 594 square feet to 1,169 square feet. Apartments feature chef-inspired kitchens with stainless steel appliances, designer tile backsplashes and quartz countertops; hardwood style flooring; large walk-in closets; energy-efficient thermostats; in-home washer/dryer; private patio or balcony; and views of downtown Fort Worth.

 

Community amenities include a resort-style pool and expansive sundeck and outdoor firepit lounge area; clubhouse with lounge, cyber café, business lounge, complimentary coffee bar, and package lounge; fitness center; bark park and pet wash spa; yoga loft; shuffleboard and life-sized snooker; and two courtyards.

 

In addition to rebranding, American Landmark will  add luxury lighting fixtures and electronic/smart locks in apartments, and complete upgrades to the pool deck area, fitness center and landscaping.

The community is conveniently located just off of I-35W, less than five minutes to downtown Fort Worth and the Fort Worth Stockyards historic district. 

 

 

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About American Landmark

American Landmark Apartments/Electra America is one of the fastest-growing multifamily owner-operators in the United States. Based in Tampa, Florida, American Landmark specializes in the opportunistic acquisition and aggressive management of value-add multifamily assets located in high-growth markets throughout the Southeast United States. Our current portfolio consists of approximately 33,000 units in Florida, Georgia, North Carolina, South Carolina and Texas. The sponsorship team has a solid 25-year track record in the multifamily arena, having purchased and successfully exited over 150,000 units. Including the sale of its public company, Landmark Apartment Trust, for $1.9 billion in 2015, the leadership team has delivered an average 23 percent IRR to investors over the past 25 years and our current funds are outperforming projections. We believe in alignment of interests between sponsors and investors, and full and transparent audited reporting in both GAAP and IFRS. 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.

Marietta, GA (June 22, 2020) – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired 880 Lakeside Apartments, a 222-unit apartment community located in the heart of Marietta, Georgia. The community will be renamed The Bentley at Marietta and will undergo a $2.4 million capital improvements project.

With this acquisition, American Landmark now owns and operates eight multifamily communities in Georgia with a total of 2,500 units.       
"Marietta benefits from close proximity to Atlanta, and has seen strong job and population growth over the past several years in part due to the large number of Fortune 500 company headquarters and aerospace/manufacturing businesses in the county,” said  Christine DeFilippis, chief investment officer at American Landmark. "We’re excited to plant a flag in the thriving community of Marietta and add this property to our growing multifamily portfolio in the Southeast."
 
According to RentCafé, the average rent for an apartment in Marietta is $1,235, a 6 percent increase over last year rates – and well above the national average. 
 
American Landmark plans to upgrade a variety of features throughout the property in a comprehensive value-add program. Unit upgrades include granite countertops, new cabinets, backsplash, stainless steel appliances, nickel-brushed plumbing fixtures, luxury lighting fixtures, USB outlets and electronic locks. For the site, improvements include a grilling table, dog park and renovated fitness center/clubhouse, swimming pool and landscaping.
 
Built in 1985, 880 Lakeside Apartments is located at 880 South Cobb Drive. One- and two-bedroom units include open floor plans, fully-equipped kitchen, expansive walk-in closets and full size washer and dryer. Community amenities include a resort-style swimming pool, outdoor grilling area, expansive sundeck, fitness center and access to private lake. For more information, please visit www.alapts.com.
 
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About American Landmark
American Landmark Apartments/Electra America is one of the fastest-growing multifamily owner-operators in the United States. Based in Tampa, Florida, American Landmark specializes in the opportunistic acquisition and aggressive management of value-add multifamily assets located in high-growth markets throughout the Southeast United States. Our current portfolio consists of approximately 33,000 units in Florida, Georgia, North Carolina, South Carolina and Texas. The sponsorship team has a solid 25-year track record in the multifamily arena, having purchased and successfully exited over 150,000 units. Including the sale of its public company, Landmark Apartment Trust, for $1.9 billion in 2015, the leadership team has delivered an average 23 percent IRR to investors over the past 25 years and our current funds are outperforming projections. We believe in alignment of interests between sponsors and investors, and full and transparent audited reporting in both GAAP and IFRS. 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.
Tampa, Fla. (April 21, 2020)  - American Landmark, one of the fastest-growing multifamily owner-operators in the country, has promoted Rachel Palmer to Chief Administrative Officer. In this role, Palmer is responsible for strategic planning and property management for the company’s portfolio of 90 multifamily communities across the U.S., including operations, training and marketing. She oversees a team of directors who support the company’s regional managers and local property teams.

“Rachel has dramatically elevated American Landmark’s reputation and standing in the marketplace through a combination of forward-thinking training, customer service, and marketing initiatives that enhance our operations and increase resident satisfaction,” said Joe Lubeck, CEO of American Landmark. “She’s an outstanding leader who inspires the team and has earned a place on the Executive team.”
 
Under Palmer’s leadership, American Landmark has achieved several major operational milestones with respect to leasing and property performance, as well as team training and recruitment. Last year, Palmer oversaw the national launch of the company’s new resident-center customer service program “Landmark 360.” Palmer was also instrumental in American Landmark being named a “Best Place to Work” by both the Tampa Bay Times and Tampa Bay Business Journal in 2019 and 2020.
 
Palmer launched her career in 2004 with Landmark Residential, a multifamily firm founded, owned and eventually sold by CEO Joe Lubeck. Between 2004 and 2013, Palmer worked her way through the ranks, starting as a leasing associate and eventually earning the title of Vice President. When Landmark Residential was sold in 2013, Palmer joined Invitation Homes as Director of Operations. She joined American Landmark in 2017 as Executive Vice President of Operations, reporting to both Lubeck and CFO Jim Miller.

Palmer served as a Board of Director for the Bay Area Apartment Association Board in Tampa. She is also a licensed Sales Associate by the Florida Department of Business and Professional Regulation.
 
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About American Landmark
American Landmark Apartments/Electra America is one of the fastest-growing multifamily owner-operators in the United States. Based in Tampa, Florida, American Landmark specializes in the opportunistic acquisition and aggressive management of value-add multifamily assets located in high-growth markets throughout the Southeast United States. Our current portfolio consists of approximately 30,000 units in Florida, Georgia, North Carolina, South Carolina and Texas. The sponsorship team has a solid 25-year track record in the multifamily arena, having purchased and successfully exited over 150,000 units. Including the sale of its public company, Landmark Apartment Trust, to Starwood for $1.9 billion in 2015, the leadership team has delivered an average 23 percent IRR to investors over the past 25 years and our current funds are outperforming projections. We believe in alignment of interests between sponsors and investors, and full and transparent audited reporting in both GAAP and IFRS. 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.
 
American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has acquired Sentosa Beachwalk, a brand new 348-unit multifamily community located in the Saint John’s suburb of Jacksonville, Florida. The community will be renamed The Elysian.
 
With this acquisition, American Landmark’s portfolio now stands at 30,000 units throughout the Southeast, with four communities in the Jacksonville MSA. 
 
“We remain bullish on the long-term prospects for Jacksonville and other cities in the Southeast, which we anticipate will recover quickly once the country re-opens for business,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “Jacksonville’s population grew by about 10 percent this past decade, and it has a strong back-bone of jobs in manufacturing, logistics and financial services. While the city may see some tempering of job growth moving forward, we do anticipate continued in-migration from states in the Northeast which will shore up demand for apartments throughout the region.”
 
Brian Moulder and Dhaval Patel of Walker & Dunlop in Jacksonville brokered the transaction.
 
In addition to renaming the property, American Landmark plans to undertake minor property upgrades including adding USB outlets to individual apartments, installing a temperature-controlled package locker delivery system, landscape beautification and upgrades to the common areas, car wash and dog park areas. 
 
Built in 2019, Sentosa Beachwalk is located at 65 Sentosa Drive. One-, two- and three-bedroom units include spacious floor plans, granite counter tops, stainless steel appliances and smart thermostat and light controls. Community amenities include a 24/7 fitness center, fireside lounge, resort-inspired swimming pool, volleyball courts, playgrounds and laundry and dry cleaning. 
 
The property is conveniently located a half hour from downtown Jacksonville in Southside. It is part of Beachwalk, a new resort-style community featuring a 14-acre Crystal Lagoon and over 450,000 square feet of retail and mixed-use space, including  a new Publix supermarket.
 
 
 

Charlotte, N.C. – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Madison Square at Northlake, a 287-unit garden-style asset in Charlotte, North Carolina. Located in the Wedgewood neighborhood about 15 minutes north of downtown Charlotte, the Class A asset marks the firm’s seventh acquisition in the area. Madison Square at Northlake was 97 percent occupied at the time of acquisition.

American Landmark, and its equity partner Electra America, continue to selectively acquire properties in excellent locations across the Southeast and Southwest. The company has completed 26 property acquisitions worth over $1.5 billion since the beginning of 2018, adding over 10,000 apartment units to its portfolio.

“North Carolina’s growth continues to remain an attractive investment factor for us to consider, particularly new investments within Charlotte in the tech and innovation sectors,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “From Lending Tree’s expected delivery of new jobs stemming from its expansion in Mecklenburg County, to the Charlotte and Triangle region’s upcoming Cleantech Commercialization Corridor platform for regional startups, the area is realizing a diverse labor market that will sustain apartment demand.”

American Landmark will carry out approximately $2.3 million in capital improvements throughout the property. Unit enhancements will include granite countertops within kitchens and bathrooms, USB outlets, and curved shower rods. Community enhancements will offer plank flooring throughout all common area levels and an expanded fitness center.

Built in 2013, Madison Square at Northlake is located at 10015 Madison Square Place. One-, two-, and three-bedroom units feature hardwood floors, crown molding, vaulted ceilings, walk-in closets, window coverings, dishwasher and disposal. Community amenities include a fitness center, swimming pool, bike storage, and media center/movie theater.

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About American Landmark

American Landmark Apartments/Electra America is one of the fastest-growing multifamily owner-operators in the United States. Based in Tampa, Florida, American Landmark specializes in the opportunistic acquisition and aggressive management of value-add multifamily assets located in high-growth markets throughout the Southeast United States. Our current portfolio consists of approximately 23,000 units in Florida, Georgia, North Carolina, South Carolina and Texas. The sponsorship team has a solid 25-year track record in the multifamily arena, having purchased and successfully exited over 150,000 units. Including the sale of its public company, Landmark Apartment Trust, to Starwood for $1.9 billion in 2015, the leadership team has delivered an average 23 percent IRR to investors over the past 25 years and our current funds are outperforming projections. We believe in alignment of interests between sponsors and investors, and full and transparent audited reporting in both GAAP and IFRS. 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.

Dallas, Texas - American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Emery Bay at Lakepointe, a 360-unit garden-style asset located in Lewisville, Texas, approximately 30 minutes north of Dallas. The company will conduct a $3.5 million renovation on the property.

American Landmark, and its equity partner Electra America, are selectively acquiring properties in excellent locations across the Southeast and Southwest. The company has completed 27 property acquisitions worth $1.8 billion since the beginning of 2018, adding over 10,000 apartment units to its multifamily portfolio.

“The Dallas-Fort Worth metro area is one of the hottest markets in the U.S., with job growth and population growth outpacing national trends, and a younger population bolstering labor force growth and demand for housing,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “We’re pleased to add this beautiful property to our growing Texas multifamily portfolio.”

American Landmark will carry out approximately $3.5 million in capital improvements on the property, including upgrades to unit interiors and amenity enhancements. These include installing new appliances, plank flooring and washer/dryers in all units, and updating fixtures and installing USB ports. The firm will also upgrade the clubhouse and pool area, enhance landscaping, and install a new package delivery locker system.

Built in 1997, Emery Bay at Lakepointe is located at 901 Lakeside Circle and consists of one-, two- and three-bedroom apartments, with an average unit size of 942 square feet.  Units have new granite countertops, new cabinets, 9- or 10-foot ceilings with two-inch blinds in select units, and wrap-around patios or balconies. Amenities include a clubhouse with business center and cyber café, fitness center with a yoga room, resort-style swimming pool with spa, volleyball court, bark park, and laundry facility. Additional storage, and private garages and reserved covered parking, is available.

In-place average effective rent at Emery Bay is $1,254 per unit, and the property is 94 percent occupied. 

 

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About American Landmark

American Landmark Apartments/Electra America is one of the fastest-growing multifamily owner-operators in the United States. Based in Tampa, Florida, American Landmark specializes in the opportunistic acquisition and aggressive management of value-add multifamily assets located in high-growth markets throughout the Southeast United States. Our current portfolio consists of approximately 23,000 units in Florida, Georgia, North Carolina, South Carolina and Texas. The sponsorship team has a solid 25-year track record in the multifamily arena, having purchased and successfully exited over 150,000 units. Including the sale of its public company, Landmark Apartment Trust, to Starwood for $1.9 billion in 2015, the leadership team has delivered an average 23 percent IRR to investors over the past 25 years and our current funds are outperforming projections. We believe in alignment of interests between sponsors and investors, and full and transparent audited reporting in both GAAP and IFRS. 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.

 

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