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American Landmark Acquires 338-Unit Apartments in Charlotte
American Landmark Apartments has acquired V& Three, a 338-unit apartment community built in 2019 in the Autumnwood submarket of Charlotte.
Built in 2019, 8 Metro Station is located at 5025 Wembley Central Lane and includes one- and two-bedroom apartments along with three-bedroom, one-car garage townhomes. The property is nearby The University of North Carolina at Charlotte and has been renamed 8 Metro Station, a nod to its location along Charlotte’s Blue Rail light rail system. The property is the firm’s seventh under management in the Charlotte metro area.
“The Charlotte metro area enjoyed 9% job growth between mid-2020 and mid-2021 and is on track to add another 48,000 jobs over the next 12 months,” said Christine DeFilippis, CIO at American Landmark. “The strength of the local economy, combined with the excellent quality and location of this property adjacent to public transit, made this a compelling investment opportunity.”
- ◦Sale/Acquisition