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American Landmark going on buying spree

Tampa-based apartment owner bought $1.7 billion worth of multifamily rental projects in 2019. The company says it will likely exceed that figure this year.

On the heels of an extremely active 2019 in which it made more than two dozen purchases, Tampa-based American Landmark Apartments says it is aiming to buy as much as $2 billion worth of multifamily rental projects in the year ahead.

Company CEO Joe Lubeck says that if successful, the company will control about 40,000 units at the close of 2020 — up 21% from about 33,000 today.

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