HOUSTON, TX – American Landmark, one of the fastest-growing multifamily owner-operators in the country, has acquired Haven at Liberty Hills, a 246-unit Class ‘A’ multifamily asset in Houston. The asset will undergo approximately $890,000 in property improvements.
American Landmark, and its debt and equity partner Electra America, are selectively and decisively acquiring value-add properties in excellent locations across the Southeast and Southwest. The firm, which has already acquired 17 properties this year worth over $800 million, expects to complete $1.5 billion in multifamily acquisitions in 2018. This is their eighth acquisition in Houston and 18th in Texas.
The firm plans to implement its standard enhancements to common areas with modern amenities including a dog park, summer kitchen, and fire pits alongside the pool area.
“Houston remains an attractive market for investment thanks to accelerated hiring that underpins strong demand outpacing new deliveries,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “The addition of a Class ‘A’ asset to our portfolio offers an opportunity to give residents an improved living experience with amenities that meet their needs.”
Built in 2018, Haven at Liberty Hills is located at 14580 Crosby Freeway. One- and two-bedroom units include black appliances with in-door water, faux wood blinds, generous closet and storage space, washer/dryer, granite countertops, brushed nickel designer hardware, and bright open floor plans. The pet-friendly community also includes a club-quality lifestyle center, swimming pool with sundeck and Wi-Fi, outdoor kitchen, and resident game lounge.
Situated five minutes away from Crosby Freeway, Haven at Liberty Hills is situated less than 20 minutes away from Downtown Houston, offering ease of access to major employment hubs including University of Houston-Downtown and Minute Maid Park. The community is also surrounded by recreational areas, including Brock Park Golf Course, Banana Bend Nature Preserve, Gene Green Beltway 8 Park, and River Terrace Golf Course.
American Landmark is a national multifamily owner-operator specializing in multifamily acquisition, repositioning and property management. It owns and operates properties in Georgia, Florida, North Carolina, South Carolina and Texas.