American Landmark Apartments (“American Landmark”), a multifamily owner-operator, is pleased to announce the final closing of American Landmark Fund IV (2022 vintage) and its affiliated entities (“Fund IV”). Fund IV exceeded its target of $975 million, with a final fund size of $1.04 billion, and surpassed its predecessor fund’s size of $980 million.
Fund IV is American Landmark’s fourth closed-end value-add real estate fund focused on the acquisition, renovation, and management of multifamily properties across the U.S. Sunbelt region. Fund IV has a total investment capacity of approximately $2.6 billion with leverage and is investing in well-located, quality apartments in markets with strong job growth and high population in-migration.
“We were very honored to have strong national and international support for our fourth fund,” said Joe Lubeck, CEO of American Landmark. “Both repeat and new investors, largely institutional, were participants. We appreciate the investment community’s confidence in American Landmark to successfully navigate the current real estate market.”
Amidst a shifting capital raising environment, Fund IV generated demand from existing and new investors and ultimately received commitments from high quality, domestic and foreign institutions, including sovereign wealth funds, pension funds, endowments, and insurance companies.
David Tepperman, Global Head, Capital Markets for American Landmark, added, “2023 was a challenging year for capital raising, and we are very happy with our successful final closing, which exceeded our target. This is a testament to our team’s consistency and ongoing commitment to performing for our clients. We are deeply grateful for the continued support from our existing investor base and are excited about the new relationships we have formed. The ability to exceed Fund IV’s target speaks to the LP community’s confidence in American Landmark’s expertise as a seasoned manager and the multifamily sector’s resiliency.”
American Landmark, a multifamily owner-operator in the U.S. Sunbelt, is a property type and regional specialist. American Landmark’s team is vertically integrated with expertise in investing, property management, asset management, portfolio management, and construction management. As of 2024, American Landmark manages more than $8.0 billion in multifamily properties and its portfolio consists of more than 34,000 units spread across Florida, Georgia, Tennessee, North Carolina, South Carolina, Virginia, Arizona, and Texas.