PHOENIX, AZ - American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, announces it has acquired Tempe Metro, a 408-unit apartment community located in Tempe, Ariz., within the Phoenix metropolitan area. The property has been renamed “The Access.”
This marks the company’s expansion into the Arizona multifamily market.
“Phoenix is one of the most dynamic, and fastest-growing cities in the country, ranking just behind Miami as the most popular migration destination in the U.S.,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “With a diversified economy offering jobs in high tech, finance, hospitality/service, and education, Phoenix will continue to experience above-average job growth, and demand for high-quality apartments is likely to remain for the long-term.”
Built in 2010 and located at 1811 E. Apache Boulevard, The Access offers studio, one-, two- and three-bedroom floor plans ranging from 485 to 1,328 square feet. The apartments feature nine- to seventeen-foot ceilings, private balconies with city views, gated underground parking, a double stainless-steel sink, dishwasher, full-size washer and dryer and walk-in closets. This pet-friendly community includes a wide range of amenities such as resort-style swimming pools with a sundeck, a clubhouse with a social lounge and work areas, an outdoor spa, 24/7 fitness center and spin room, outdoor kitchen and grilling stations, a rooftop basketball court and safety features like a controlled-access gate and onsite courtesy patrol.
The property is situated off State Route 101, just a 10-minute drive to Arizona State University, the city’s largest employer and cultural hub for art and history exhibitions, concerts and other events that draw students and non-students alike.
About American Landmark: American Landmark Apartments is one of the fastest-growing multifamily owner-operators in the United States and ranks No. 33 on the National Multifamily Housing Council list of the top apartment owners in the country with approximately 34,000 apartment units in its portfolio. Based in Tampa, Florida, American Landmark specializes in the acquisition and management of value-added multifamily properties located in high-growth markets throughout the Sunbelt, including Georgia, Florida, North Carolina, South Carolina, Tennessee and Texas. American Landmark is committed to delivering great service and outstanding living environments to residents and delivering consistent, attractive risk-adjusted returns to investors and partners. For more information, please visit www.alapts.com.