Optimism is the Overarching Theme in Latest Acquisitions
Continued optimism is prevalent in Houston and buyers are following that upbeat path to the door of viable investments. One recent example is American Landmark Apartments’ acquisition of Pine Creek Ranch, a 240-unit multifamily community in The Woodlands community just north of Houston.
The property will be renamed Stone Creek at the Woodlands, soon to undergo a $2.7 million capital improvements project. This is the firm’s 41st Texas property and its 17th in the Houston metro area.
“Houston has shown promising signs of a strengthening economy as consumer confidence and business outlooks improve throughout the metro area,” said Christine DeFilippis, chief investment officer of American Landmark. “The uptick in manufacturing and a rise in service sector optimism indicate a positive trajectory for market fundamentals that complement our continued goals in the region.”
Stone Creek’s capital improvements program will include numerous upgrades including unit renovations. One- and two-bedroom units include granite countertops, walk-in closets and a washer/dryer. Community amenities will feature refreshed landscaping, dog park, pet wash, clubhouse enhancements, new fitness center equipment and new pool furniture.
Built in 2005, Stone Creek at The Woodlands is located at 3600 College Park Dr. near multiple transit routes and employers.
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.