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American Landmark Acquires Two Apartment Communities Totaling 627- Units in Charlotte and Hillsborough, North Carolina
American Landmark Acquires Two Apartment Communities Totaling 627- Units in Charlotte and Hillsborough, North Carolina
August 22, 2022

CHARLOTTE, NC - 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.


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.


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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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