American Landmark Apartments recently acquired Domain at Founders Parc and Alta Spring Creek, two 2020-built apartment communities encompassing a total of 510 units. The acquisitions expand American Landmark’s 45 properties throughout Texas and 20 properties in the Dallas-Fort Worth area.
Alta Spring Creek will be renamed The ReVe, and both properties will undergo a combined $750,000 in capital improvements throughout the interiors and exteriors.
“As in-migration and job numbers bolster Dallas-Fort Worth fundamentals, the acquisition of these two new properties will allow for a compelling hold period with upside potential as demand continues to support the region’s multifamily market,” said Christine DeFilippis, chief investment officer of American Landmark Apartments. “The confidence that others are bringing to Dallas will further the demand for multifamily, as upcoming projects like a new Texas Instruments plant and the redevelopment of Collin Creek Mall bring jobs and economic expansion to the surrounding area.”
Domain at Founders Parc is located at 880 W Euless Park and has one-, two-, and three-bedroom units. Alta Spring Creek is situated at 6310 Naaman Forest Blvd. with studios, one-, two- and three-bedroom units.
Lisa Brown has decades of experience in corporate communications and marketing management with organizations including Coldwell Banker Residential, Grubb & Ellis, Marcus & Millichap, NAIOP, SIOR and ALM.
In those positions, she worked in conjunction with chief executive officers and chief marketing officers to create corporate messaging, cohesive branding standards, strategic marketing plans and thought pieces. Brown is a frequent speaker at industry events and an editing adjunct professor for an online course. She has a master’s degree in mass communications from San Jose State University.