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Hillsborough, N.C., Apartments Sold for $75.5Mln
Hillsborough, N.C., Apartments Sold for $75.5Mln
August 22, 2022

Triangle Business Journal

American Landmark Apartments has bought Cadence at Cate's Creek, a 270-unit property in Hillsborough, N.C., for $75.5 million, or about $279,630/unit. The Tampa, Fla., company acquired the complex from Ardmore Residential of Greensboro, N.C.


Cadence at Cate's Creek sits on 21 acres at 100 Waterstone Park Circle. The three-story property was built in 2017 and has one-, two- and three-bedroom units, with monthly rents ranging from $1,213 to $2,419, according to the Apartments.com website. It includes a swimming pool, picnic area and walking and biking trails.


The transaction is the latest between American Landmark and Ardmore. Earlier this month, American Landmark paid $98.6 million for the 357-unit Ardmore King's Court complex in Charlotte, N.C.


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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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