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American Landmark Scoops Up Eighth Multifamily in Charlotte
American Landmark Apartments has acquired the Delaney Apartments in Concord, a suburb to the northeast of Charlotte, NC, and renamed the 240-unit property The Elliott. The transaction marks The Elliott as American Landmark’s eighth multifamily community in the Charlotte metro area.
“Greater Charlotte’s job growth outlook is extremely positive, and we anticipate a lot of in-migration from other parts of the country this year, as in prior years —hence, intensifying demand for well-located and well-managed apartment communities with the full range of resort-style amenities,” said Christine DeFilippis, chief investment officer of American Landmark.
The 2010-constructed property on MBA Court is minutes from I-85 and Davidson Highway, across the street from Rowan-Cabarrus Community College and 30 minutes from downtown Charlotte and major employment drivers.
- ◦Sale/Acquisition
