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American Landmark Apartments/Electra America acquires Verandas at Shavano


American Landmark Apartments/Electra America acquires Verandas at Shavano, a multi-family community in San Antonio, TX

Formerly called Vantage at Shavano Park, the acquisition brings the total number of properties in the company’s portfolio to 61.

May 9, 2016, Tampa, FL – American Landmark Apartments, along with their investor partner Electra America of Palm Beach, FL, has acquired a multi-family residential community in San Antonio, TX, to add to their rapidly growing portfolio. Built in 2014, the community has 288 units. This brings the number of properties under ownership and management to 61, with 18,890 total apartment homes.

American Landmark Apartments/Electra America (REM) owns and manages multi-family properties in several states including Florida, Georgia, Maryland, North Carolina, Texas and Virginia.

“We are excited about our growing presence in San Antonio,” said Joe Lubeck, CEO of Electra America and a partner in REM. “We think the community, Verandas at Shavano, is a fantastic opportunity for us and a great place to live for our valued residents. We look forward to improving the clubhouse and fitness center for the enjoyment of all, and we look forward to further expansion in Texas.”

Some of the features of the Verandas at Shavano include:

•A professional quality fitness center

•A poolside cabana with a fireplace

•Covered parking

•Executive business center with conference table and copy services

•A free Wi-Fi internet café with Starbucks coffee served daily

•A beach entry-style pool with waterfall and sun deck

•Dog parks

The property will also undergo upgrades to the 1, 2 and 3 bedroom apartments, providing renewed living environments for residents. Enhancements include granite countertops in kitchens and baths, and new appliances.

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