American Landmark Acquires 449-Unit Apartment Community in Charlotte

American Landmark Apartment has acquired Celsius Apartment Homes, a 449-unit apartment community located in the Wedgewood submarket of Charlotte, NC. This is American Landmark’s second Charlotte acquisition in the past six weeks and its eighth property under management in the Charlotte area.

So far this year, American Landmark has acquired $1.3 billion in apartment communities throughout the Sunbelt, primarily in Florida and Texas. In August, the firm also closed on the acquisition of V & Three (renamed 8 Metro Station), a 338-unit apartment community located near the University of North Carolina in Chapel Hill.

“We’re very bullish on the Charlotte market on account of the exceptional job growth,” said Christine DeFilippis, CIO of American Landmark.

Celsius is located on Perimeter Station Drive about 15 minutes north of Downtown Charlotte. American Landmark  intends to invest approximately $4.8 million in capital improvements to the property.