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Florida firm bolsters local portfolio with $98.6M apartment acquisition
Florida firm bolsters local portfolio with $98.6M apartment acquisition
August 22, 2022

American Landmark Apartments acquired the 357-unit Ardmore King’s Grant apartment complex near Concord Mills mall for $98.6 million.


American Landmark Apartments has made another notable acquisition to add to its Charlotte-area portfolio.

The Florida-based multifamily firm recently bought Ardmore King’s Grant near Concord Mills mall. American Landmark acquired the 357-unit apartment complex for $98.6 million, according to Mecklenburg County real estate records. It paid more than $276,000 per unit for the asset. The deed for the transaction was recorded this week. American Landmark has rebranded the property as Conrad at Concord Mills.


At the time of the sale, the complex was 92% leased. It was built in 2015 and sits on a nearly 17-acre site just off Mallard Creek Road.


The property was one of two that American Landmark acquired from Ardmore Residential Inc., with the other being in the Triangle area. Cushman & Wakefield's  Michael Saclarides,  Paul Marley  and  Marc Robinson  represented Ardmore in the deals.


The acquisition adds to a slew of purchases that American Landmark has made in the area in the last year.

The firm has been particularly active in the north Charlotte/Cabarrus County area. Earlier this year, American Landmark  bought a 240-unit Cabarrus County apartment complex  for $56.85 million. The company  spent $103.1 million  on a north Charlotte apartment complex in October. And in September, American Landmark made multiple purchases,  including one near UNC Charlotte for $81.5 million  and  another pair of assets in north Charlotte for over $125 million combined.


American Landmark is headquartered in Tampa and owns around 32,000 multifamily units, mainly in the Southeast. Its portfolio includes apartment complexes in North Carolina, South Carolina, Georgia, Florida, Tennessee and Texas, according to its website.

 

 

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American Landmark Apartments buys property near Concord Mills mall - Charlotte Business Journal (bizjournals.com)



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By Devin & Ciana Work Joint October 6, 2025
American Landmark Apartments, one of the nation’s leading multifamily owner-operators, has acquired Rosemont St. Johns, a 420-unit apartment community in Jacksonville, Florida. Built in 2007, the property will be rebranded under the American Landmark portfolio and marks a strategic addition to the firm’s growing presence across Florida. The acquisition reflects American Landmark’s confidence in Jacksonville’s surging multifamily market. “Rosemont St. Johns represents an exciting opportunity to expand our footprint in one of Florida’s fastest-growing cities,” said Christine DeFilippis, Chief Investment Officer at American Landmark Apartments. “Jacksonville’s consistently strong job growth, expanding population, and reputation as one of the most affordable large metros in Florida make it a compelling market for long-term investment. The property’s strategic location and premium amenities position Rosemont St. Johns as a compelling addition to our portfolio.” Situated at 12310 Seacrest Lane, Rosemont St. Johns offers a vibrant living environment with thoughtfully designed one-, two-, and three-bedroom residences featuring spacious floor plans and modern finishes. Community amenities include a resort-style swimming pool with expansive sundeck, a stylish clubhouse with resident lounge and entertainment kitchen, a 24-hour fitness center, outdoor grilling and picnic areas, and a dedicated dog park, all of which are designed to deliver comfort, convenience, and a sense of community. The property’s prime location in Jacksonville’s Southside submarket provides direct access to major employment hubs, retail corridors, and lifestyle destinations. With proximity to the University of North Florida, St. Johns Town Center, and Jacksonville Beach, Rosemont St. Johns offers residents the ideal blend of suburban tranquility and urban accessibility. This acquisition underscores American Landmark’s strategy of targeting high-growth Sunbelt markets where strong demographics, affordability, and lifestyle amenities continue to fuel multifamily demand. For more information on American Landmark, please visit http://www.alapts.com/. z To read more on this artice, visit citybiz here .
By Devin & Ciana Work Joint October 6, 2025
The Legend will be one of three properties in San Antonio that will be part of American Landmark Apartments' Educator-in-Residence pilot program.
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