American Landmark Apartments/Elco Management acquires nine properties in Texas, bringing total in portfolio to over 16,000 units
American Landmark Apartments/Elco Management, along with their equity partners, purchases and renovates apartment homes to meet the demands for upscale living environments in growing markets.
Tampa, FL January 25, 2016 - American Landmark Apartments/Elco Management (REM) announces the purchase of nine apartment communities in Texas, bringing their total number of communities under ownership and management to 57, with 16,984 total units.
- Three properties in Houston were purchased, with a total of 694 units: Aurora Place, Vantage Point and The Landings at Steeplechase.
- Two properties in Fort Worth were purchased, with a total of 362 units: Lofton Place and the Retreat.
- Three communities in Dallas were purchased, with a total of 850 units: South Pointe, The Carling on Frankford and Heritage Park.
- One property in Katy, 268-unit Retreat at Cinco Ranch.
All properties will be fully renovated and upgraded with enhanced residences, upgraded amenities and modern clubhouses.
Steve Robbins, Co-CEO of American Landmark Apartments/Elco Management, said, "We are pleased and excited to have completed these significant acquisitions. We look forward to following our value-added business model to create fabulous apartment living for our residents and strong returns for our partners and investors. We anticipate another year of strategic and measured growth in 2016."
American Landmark Apartments/Elco Management, along with their investment partners, purchases apartment communities and enhances them to meet the needs of those who wish to live in upscale residences in their communities. The high-end features offered in the newly remodeled apartments are comparable to what a resident would find in a high-end single family home. Fully renovated kitchens with new appliances, upgraded lighting and plumbing fixtures, USB outlets, plank flooring and resort style pools and club houses help provide outstanding resident satisfaction and high occupancy rates.
For more information, visit www.alapts.com.