Florida & Gulf Coast + Apartments | April 20, 2020

American Landmark Acquires Jacksonville MF for $80M

Tampa-based American Landmark Apartments acquired Sentosa Beachwalk, a brand new 348-unit multifamily community in Jacksonville, for a reported $79.5 million. The community in the Saint John’s suburb will be renamed The Elysian.

American Landmark’s Christine DeFilippis says, “We remain bullish on the long-term prospects for Jacksonville and other cities in the Southeast, which we anticipate will recover quickly once the country re-opens for business.”

Walker & Dunlop’s Brian Moulder and Dhaval Patel brokered the transaction. The seller was reportedly Sentosa Beachwalk Apartments LLC, an entity managed by Boca Raton-based Falcone and Associates LLC.

Built in 2019, Sentosa Beachwalk is located at 65 Sentosa Drive. One, two and three-bedroom units include spacious floor plans, granite counter tops, stainless steel appliances and smart thermostat and light controls. Community amenities include a 24/7 fitness center, fireside lounge, resort-inspired swimming pool, volleyball courts, playgrounds and laundry and dry cleaning.

The acquisition boosts American Landmark’s portfolio to 30,000 units throughout the Southeast, with four communities in the Jacksonville MSA.

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About Dennis Kaiser

Dennis Kaiser is Vice President of Content and Public Relations for Connect Commercial Real Estate. Dennis is a communications leader with more than 30 years of experience including as a journalist and in corporate and agency marketing communications roles. He is responsible for Connect’s client content operations and is involved in a range of initiatives ranging from content strategy, message development, copywriting, media relations, social media and content marketing services. In his most recent corporate communications roles, he led a regional public relations effort across Southern California for CBRE, played a key marketing role on JLL’s national retail team, and was responsible for directing the global public relations effort at ValleyCrest, the nation’s largest commercial landscape services company. In addition to his vast commercial real estate experience, Dennis has worked on communications and launch strategies for a number of residential projects such as Disney’s Celebration in Florida, Ritter Ranch in Palmdale California (7,200 homes, 22,000 acres), WaterColor in Florida and PremierGarage in Phoenix. Dennis’s agency background included firms such as Idea Hall and Macy + Associates. He has earned an outstanding reputation with organization leaders as a trusted advisor, strategic program implementer, consensus builder and exceptional collaborator. Dennis has developed and managed national communications programs for Fortune 500 companies to start-ups, both public and private. He’s successfully worked with journalists across the globe representing clients involved in major-breaking news stories, product launches, media tours, and company news announcements. Dennis has been involved in a host of charitable and community organizations including the American Cancer Society, Easter Seals, BoyScouts, Chrysalis Foundation, Freedom For Life, HOLA, L.A.’s BEST, Reach Out and Read, Super Bowl Host Committee, and Thunderbirds Charities.

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