American Landmark acquires apartment communities in Charlotte and Hillsborough, N.C.

189

American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired the 357-unit Ardmore King’s Grant Apartments in Charlotte, and 270-unit Ardmore Cates Creek apartments in Hillsborough, North Carolina. The Charlotte apartments have been renamed “Conrad at Concord Mills,” and the apartments in Hillsborough are now “Cadence at Cates Creek,” and will receive apartment interior upgrades as well as enhancements to property amenities.

“These two properties allow American Landmark to maintain a presence in both the Charlotte and Raleigh markets as we sell off other assets within those markets,” explained Christine DeFilippis, Chief Investment Officer of American Landmark. “North Carolina has seen a tremendous amount of balanced job and population growth. With their premium locations and extraordinary amenities, Conrad at Concord Mills and Cadence at Cates Creek allow us to expand our offerings to residents and differentiate ourselves in a competitive marketplace for value-add multifamily product.”

American Landmark will enhance both properties with landscaping beautification efforts and property amenity upgrades, along with adding new subway tile kitchen backsplashes, upgraded cabinets, new faucets and lighting fixtures, new ceilings fans and new USB outlets to each of the apartments.

Conrad
American Landmark Apartments acquired the 357-unit Ardmore King’s Grant Apartments, and 270-unit Ardmore Cates Creek apartments in North Carolina.

Built in 2015 and located at 9015 Kings Grant Drive, Conrad at Concord Mills offers one-, two- and three-bedroom floor plans ranging from 740 to 1,430 square feet. Apartments feature open-concept floor plans, 9-foot ceilings, crown molding, granite countertops and designer cabinetry, plank-style flooring in some units, oversized bedrooms, pendant and track lighting, walk-in closets, electronic thermostats, and balconies or private patios. Amenities at this pet-friendly community include a resort-style pool, grilling pavilions, fitness center with TRX and cycling studio, complimentary Starbucks coffee bar, pet play area and pet wash station, car wash station, and valet trash.

The property is located just minutes from the I-485 and I-85 interchange in the Mallard Creek-Withrow Downs neighborhood of northeast Charlotte, just 10 minutes from University City near the University of North Carolina-Charlotte campus, and the Concord Mills Mall.

Built in 2016 and located 100 Waterstone Park Circle in Hillsborough, Cadence at Cates Creek offers one-, two- and three-bedroom floor plans ranging from 753 to 1,509 square feet. Apartments feature open-concept floor plans, 9-foot ceilings, crown molding, modern kitchens with granite countertops, stainless steel appliances and designer cabinetry, plank-style flooring in some units, oversized bedrooms, pendant and track lighting, walk-in closets, electronic thermostats, and balconies or private patios. Amenities at this pet-friendly community include a saltwater swimming pool, on-site clubhouse with resident lounge, 24-hour high tech business center, 24-hour elite fitness center, two sizes of garages, outdoor fireplace with lounge, poolside grilling pavilion, complimentary Starbucks coffee bar, pet park, pet washing station, and laundry facilities.

Located in the residential, forested outer Chapel Hill area, Cadence at Cates Creek is just five minutes from the University of North Carolina Hospitals Hillsborough campus, just 20 minutes from the University of North Carolina Chapel Hill campus, 20 minutes from Durham and 40 minutes from Raleigh.