Mercantile River District to Receive Capital Improvements
American Landmark Apartments recently acquired Elan River District, a 325-unit multifamily community located in Fort Worth. The property will receive $744,000 in capital improvements and be renamed Mercantile River District.
With this acquisition, American Landmark Apartments now owns 47 properties in Texas and 22 in the Dallas-Fort Worth area.
“Demand for new and existing housing continues to keep the Dallas-Fort Worth area at the forefront for us,” said Christine DeFilippis, chief investment officer of American Landmark. “Residential construction has considerably surged since this time last year, indicating continued interest for housing throughout the metro that’s supporting stronger fundamentals and forecasting greater yields for multifamily investments in the workforce category.” Built in 2017, Mercantile River District is located at 4921 White Settlement Rd. The unit mix includes 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.
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