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American Landmark Acquires Atlanta Community
American Landmark Acquires Atlanta  Community
August 22, 2022

The 198-unit property was completed in 2020.

American Landmark Apartments, a multifamily investment firm and owner-operator, has added to its Sun Belt holdings with the acquisition of 2050 Morningside, a 198-unit apartment community in the Morningside/Lenox Park neighborhood of Atlanta.


The price and seller were not disclosed. However, Beacon Real Estate Group and a fund managed by Westport Capital Partners LLC acquired the newly built property, then known as Accent 2050, in the fall of 2020 from developer Westplan Investors for $45 million. The property, rebranded as 2050 Morningside, still appears as part of Beacon Real Estate’s holdings on its website.


Located at 2050 Cheshire Bridge Road NE, 2050 Morningside has one- and two-bedroom units ranging from 662 to 1,151 square feet. The apartments feature Energy Star-stainless steel appliances, quartz or marble countertops, wood plank flooring, expansive windows, garden tubs, walk-in showers, full-size washers and dryers and energy-efficient LED lighting. Amenities at the pet-friendly community include a courtyard lounge with pool, sky lounge, coffee bar, bike storage and repair shop, fitness center and parcel lockers for 24-hour access to packages.


Christine DeFilippis, American Landmark’s chief investment officer, said in a prepared statement the robust job growth in Atlanta continues to generate demand for apartments in the metropolitan area. Atlanta was recently ranked in the top 15 percent of top cities for jobs this year by WalletHub.


The property is located minutes from I-85, I-75 and GA400, offering easy access to Midtown, Buckhead and downtown Atlanta, where residents can find Atlantic Station Mall, the Georgia Aquarium, the World of Coca-Cola as well as restaurants, entertainment and retail.


Growing Portfolio


One of the fastest-growing multifamily owner-operators in the United States, American Landmark ranks No. 33 on the National Multifamily Housing Council list of top U.S. apartment owners with approximately 36,000 apartment units in its portfolio. DeFilippis said the firm was pleased to add 2050 Morningside to its growing Atlanta apartment portfolio. The company also owns multifamily communities in Marietta, Lithonia and Lawrenceville, Georgia. American Landmark specializes in the acquisition and management of value-added multifamily properties in high-growth markets throughout the Sunbelt, including Georgia, Florida, North Carolina, South Carolina, Tennessee and Texas.


Earlier this month, American Landmark acquired Broadway Center, a 242-unit community in Fort Worth, Texas, from CRG. The five-story building was completed last year by CRG. In March, the firm added 627 units in North Carolina with the acquisition of Ardmore King’s Grant Apartments in Charlotte and Ardmore Cates Creek in Hillsborough from developer Ardmore Residential. American Landmark had acquired another Charlotte-area property, the 240-unit Delaney Apartments in Concord, N.C., in January.


The firm teamed up with BentallGreenOak in a joint venture in March to acquire Vantage at Murfreesboro, a 288-unit property in the Nashville suburb of Murfreesboro, Tenn., from Vantage Communities. It was American Landmark’s fifth Tennessee apartment community and its second joint venture with BGO in Murfreesboro.


See More News
By Devin & Ciana Work Joint August 20, 2026
In this podcast hosted by MHN's Laura Valean, Elizabeth Roy discusses shifting supply dynamics and what she’s watching as multifamily moves into its next investment cycle.
By Devin & Ciana Work Joint August 20, 2026
American Landmark Apartments , one of the nation’s leading multifamily investment managers and owner-operators, has acquired Park Avenue at Boulder Creek, a 292-unit apartment community located in Houston, Texas. The property will be the firm’s 14th asset in the Houston area and rebranded as Toscana Parkway, further expanding American Landmark’s Texas portfolio while strengthening the firm’s presence in one of the nation’s fastest-growing metropolitan areas. Located in southeast Houston adjacent to Pearland, the community benefits from the continued economic and population growth of the Greater Houston metropolitan area, which surpassed 7.9 million residents in 2025 after adding 126,720 new residents, marking the largest population gain of any U.S. metropolitan area (Greater Houston Partnership). The region’s diverse economy is anchored by nationally recognized healthcare, energy, aerospace, manufacturing and logistics industries, creating sustained demand for high-quality multifamily housing. Major employment centers including the Texas Medical Center, Port Houston and NASA’s Johnson Space Center continue to support the region’s long-term economic strength. “Houston continues to distinguish itself as one of the nation’s strongest multifamily investment markets because of its population growth, diverse employment base and long-term economic resilience,” said Elizabeth Roy , Chief Investment Officer at American Landmark Apartments. “Toscana Parkway is a well-located community with direct highway connectivity and immediate access to the retail and everyday amenities residents value. With no new deliveries in the submarket, we see a clear opportunity to invest behind the property’s fundamentals—executing the first capital improvement program since the community was built and bringing American Landmark’s operational expertise and value-add approach to enhance the resident experience for years to come.” Built in 2009, Toscana Parkway offers a mix of one-, two- and three-bedroom apartment homes and has not undergone a major capital renovation since its original construction, presenting a clear value-add opportunity. Community amenities include a resort-style saltwater swimming pool, fitness center, sauna, clubhouse, business center, volleyball court, children’s playground and poolside grilling areas. Apartment homes feature spacious floor plans with stainless steel appliances, island kitchens, dishwashers, crown molding, walk-in closets, and private patios or balconies. Located at 11575 Pearland Pkwy, Toscana Parkway offers residents highly accessible connectivity and a deep base of nearby retail. Sam Houston Pkwy is less than five minutes away, providing direct access to Interstate 45 and State Hwy 288 and seamless connectivity throughout the Houston metropolitan area. The community sits approximately 15 minutes from William P. Hobby Airport, 20 minutes from the Texas Medical Center—the largest medical center in the world—and less than 30 minutes from Downtown Houston, with abundant shopping, dining and daily-needs retail within immediate reach. With limited new supply delivered in the submarket, the property is well positioned to capture sustained rental demand. The acquisition aligns with American Landmark’s strategy of investing in well-located multifamily communities across high-growth Sun Belt markets supported by favorable demographic trends and strong long-term economic fundamentals. For more information on American Landmark, please visit www.alapts.com About American Landmark American Landmark is an institutional investment manager and vertically integrated multifamily platform that owns and operates more than 36,000 units comprising more than $7 billion in gross asset value under management. Over 30 years and 100,000 units, American Landmark has focused on the disciplined acquisition and management of value-add multifamily properties located in high-growth markets across the U.S. Sunbelt, including Florida, Texas, Georgia, North Carolina, South Carolina, Tennessee, Arizona, and Virginia. American Landmark is committed to providing excellent service and outstanding living environments to residents and to delivering consistent, attractive risk-adjusted returns to its investors and partners. The firm has been recognized as a top multifamily owner and workplace, including rankings as #27 on the NMHC Top 50 Largest Apartment Owners (2026) and #82 on the PERE 100 list of the largest private equity real estate managers (2026), as well as designations as a Freddie Mac Multifamily Optigo Select Sponsor (2026) and a USA Today Top Workplace (2025). For more information, please visi t www.alapts.com .
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