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American Landmark Acquires Arizona Community
American Landmark Acquires Arizona Community
October 18, 2022

This purchase marks the company's second in the state this year.

Multifamily owner-operator American Landmark Apartments has acquired Cabana 99th, a new apartment community in Glendale, Ariz. Located at 10000 W. Missouri Ave., the 286-unit apartment community is being renamed The Lotus. It is the company’s second Arizona acquisition this year, after June’s purchase of The Access Apartments.


Completed this year, The Lotus provides studio, one- and two-bedroom apartments extending in size from 468 to 828 square feet. Features and finishes of the residences include full-size washers and dryers, 9-foot ceilings, wood-style vinyl plank flooring, energy-efficient windows and, in select apartments, workstation desks. Among the community’s common-area amenities is an outdoor fitness space.


The community’s 19 three-story wood-frame buildings are spread across a more than 10-acre site. The property was 93.7 percent occupied at the time of the acquisition.


“The main challenge was the volatility in the debt market,” Christine DeFilippis, chief investment officer of American Landmark Apartments, told Multi-Housing News. “Indexes rose significantly and very quickly while under contract. We were able to place suitable debt with hedge as the property quickly completed lease up and achieved stabilized occupancy during the contract term.”


Antique capital


The Lotus is located in a neighborhood within Glendale called Westside. A number of parks, recreation areas and shopping destinations are located near the apartment community. The parks include Maryvale Park, Glendale Heroes Regional Park and Grand Canal Linear Park. Columbia Plaza, Camelback 101 Plaza and Agua Fria Towne Center are prominent retail centers within a 20-minue walk.



Downtown Phoenix and Sky Harbor International Airport are situated a 25-minute drive away. Earlier this month, American Landmark acquired the 400-unit Element at Stonebridge in Richmond, Va.



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By Devin & Ciana Work Joint October 6, 2025
American Landmark Apartments, one of the nation’s leading multifamily owner-operators, has acquired Rosemont St. Johns, a 420-unit apartment community in Jacksonville, Florida. Built in 2007, the property will be rebranded under the American Landmark portfolio and marks a strategic addition to the firm’s growing presence across Florida. The acquisition reflects American Landmark’s confidence in Jacksonville’s surging multifamily market. “Rosemont St. Johns represents an exciting opportunity to expand our footprint in one of Florida’s fastest-growing cities,” said Christine DeFilippis, Chief Investment Officer at American Landmark Apartments. “Jacksonville’s consistently strong job growth, expanding population, and reputation as one of the most affordable large metros in Florida make it a compelling market for long-term investment. The property’s strategic location and premium amenities position Rosemont St. Johns as a compelling addition to our portfolio.” Situated at 12310 Seacrest Lane, Rosemont St. Johns offers a vibrant living environment with thoughtfully designed one-, two-, and three-bedroom residences featuring spacious floor plans and modern finishes. Community amenities include a resort-style swimming pool with expansive sundeck, a stylish clubhouse with resident lounge and entertainment kitchen, a 24-hour fitness center, outdoor grilling and picnic areas, and a dedicated dog park, all of which are designed to deliver comfort, convenience, and a sense of community. The property’s prime location in Jacksonville’s Southside submarket provides direct access to major employment hubs, retail corridors, and lifestyle destinations. With proximity to the University of North Florida, St. Johns Town Center, and Jacksonville Beach, Rosemont St. Johns offers residents the ideal blend of suburban tranquility and urban accessibility. This acquisition underscores American Landmark’s strategy of targeting high-growth Sunbelt markets where strong demographics, affordability, and lifestyle amenities continue to fuel multifamily demand. For more information on American Landmark, please visit http://www.alapts.com/. z To read more on this artice, visit citybiz here .
By Devin & Ciana Work Joint October 6, 2025
The Legend will be one of three properties in San Antonio that will be part of American Landmark Apartments' Educator-in-Residence pilot program.
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