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American Landmark Expands Jacksonville Presence
American Landmark Expands Jacksonville Presence
August 31, 2023

The owner-operator has acquired a 322-unit community in a sought-after submarket.

American Landmark Apartments has expanded its portfolio in the Jacksonville, Florida, metro with the acquisition of The Wimberly at Deerwood from Olympus Property. The 322-unit development, located in southeast Jacksonville’s Deerwood submarket, is the firm’s sixth community in the metro.

The Tampa-based multifamily owner-operator has plans for an extensive renovation and repositioning of the property, which it has rebranded as The Drake at Deerwood.

“Jacksonville is benefiting from new and expanding employers in the region and has emerged as one of the fastest-growing cities in the country,” said Christine DeFelippis, chief investment officer. “A lower cost of living, diversified economy, and proximity to destinations like the beaches underpin future growth, and we’re excited to expand our footprint in the metro with a premiere, well-located, and well-maintained asset with plenty of upside potential.”

Built in 2000, the community offers one-, two-, and three-bedroom layouts from 659 to over 1,300 square feet. Interiors feature 9-foot ceilings, chef-style kitchens with stainless steel appliances, wood-style plank flooring, oversized closets, and patios or balconies. According to American Landmark, granite countertops, new kitchen backsplashes, and new cabinet faces will be added to each unit along with smart locks and thermostats, USB outlets, and new plumbing and lighting fixtures.

The community has a wealth of resort-inspired amenities, such as a swimming pool and sundeck, an outdoor kitchen with grills, a sand volleyball court, and two dog parks. Residents also have access to a community clubhouse with an oversized resident lounge, a movie theater, a media room, a billiards lounge, a game room, and a fitness studio. In addition, garages and boat parking are available for rent.

American Landmark plans to upgrade the clubhouse, fitness center, and the pool and outdoor kitchen area. In addition, it will add electric vehicle charging stations, package lockers, a new camera system as well as upgrade roofs, landscaping, and exterior paint.


Source: https://www.multifamilyexecutive.com/business-finance/transactions/american-landmark-expands-jacksonville-presence_o



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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
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