American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired V& Three, a 338-unit apartment community built in 2019 in the Autumnwood submarket of Charlotte, North Carolina—just five minutes from the University of North Carolina. The property has been renamed 8 Metro Station—a nod to its location along Charlotte’s Blue Rail light rail system—and is the firm’s seventh property under management in the Charlotte metro area.
So far this year, American Landmark has acquired $1.1 billion in apartment communities throughout the Sunbelt, primarily in Florida and Texas.
“The Charlotte metro area enjoyed 9 percent 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, Chief Investment Officer of 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.”
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. Apartments feature 10-foot ceilings, granite countertops, stainless steel appliances, hardwood-style flooring, in-unit washer/dryer, oversized walk-in closets and a balcony. Community amenities feature a resort-style swimming pool, outdoor grilling area, clubroom/lounge, high endurance fitness studio with Peloton bikes, cybercafé, car care station, self-service bike shop and storage, elevators, 24-hour package concierge, electric car charging stations, bark park and pet spa, and valet trash.
8 Metro Station is conveniently located just steps from the University City Boulevard Blue Line station, offering convenient access to University of North Carolina at Charlotte (20 minutes by rail), and the city’s NoDa and Uptown Districts.