American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Celsius Apartment Homes, a 449-unit apartment community located in the Wedgewood submarket of Charlotte, North Carolina. This is American Landmark’s eighth property under management in the Charlotte area, and it intends to invest approximately $4.8 million in capital improvements to the property.
So far this year, American Landmark has acquired $1.3 billion in apartment communities throughout the Sunbelt, primarily in Florida and Texas. In August, the firm also closed on the acquisition of V& Three (renamed 8 Metro Station), a 338-unit apartment community located near the University of North Carolina.
“We’re very bullish on the Charlotte market on account of the exceptional job growth,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “We’re delighted to expand our Charlotte footprint with the addition of this beautiful property.”
Built in 2009, Celsius is located at 10051 Perimeter Station Drive. One-, two- and three-bedroom apartments feature high ceilings, gourmet kitchens with granite countertops, 42-inch custom cabinetry and stainless steel appliances, an in-unit washer/dryer, and a private balcony. American Landmark will upgrade kitchens, plumbing and lighting, and provide upgrades to the amenities.
The community features resort-inspired amenities including two swimming pools, two clubhouses, two fitness centers, an outdoor grilling area, game room, on-site dog park and a dog wash spa, coffee bar, car care center and Amazon package lockers.
Celsius is conveniently located just off I-77 approximately 15 minutes north of Downtown Charlotte. It is close to a variety of schools, businesses, shopping/entertainment destinations, and natural areas, including Nevin Community Park, Hornets Nest Elementary, Ranson Middle School and Northlake Mall.