Houston: American Landmark Acquires 17th Property

HOUSTON,– American Landmark Apartments has purchased a 240-unitt multifamily community in The Woodlands.

This is the Tampa, Fla.-based firm’s 17th property in the Houston metro area and their 41st Texas

In The Woodlands,American Landmark Apartments, purchased Pine Creek Ranch apartments. The property will be renamed Stone Creek at The Woodlands and will undergo a $2.7 million capital improvements project.

American Landmark Acquires 17th Property in Houston

“Houston has shown promising signs of a strengthening economy as consumer confidence and business outlooks improve throughout the metro area,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “The uptick in manufacturing and a rise in service sector optimism indicates a positive trajectory for market fundamentals that complement our continued goals in the region.”

The capital improvements program is set to include numerous upgrades throughout the property. Unit renovations is set to include stainless steel appliances, new kitchen tile backsplash, new cabinet faces with contemporary hardware in kitchens and bathrooms, luxury plumbing and lighting fixtures, master closet organizers in master bedrooms, upgraded bath accessories and electronic smart locks.

Community amenities is set to feature landscape beautification, dog park agility course, pet wash, clubhouse enhancements, new fitness center equipment and new pool furniture.

Built in 2005, Stone Creek Apartments is located at 3600 College Park Drive. One- and two-bedroom units include granite countertops, walk-in closets and a washer/dryer. Community amenities feature a swimming pool, clubhouse with Wi-Fi, tennis court, tennis court, courtyard, picnic area and a Zen garden.

The Woodlands is a 28,000-acre large-scale planned community, located 27 milled north of downtown Houston.

Earlier this week a Florida-based developer, Mill Creek Residential, reported it has started construction on a multifamily project in The Woodlands. That new project, named Modera Six Pines, will be a 429-unit project. The five-story, podium-style community is slated to accept its initial tenants in the spring of 2022.