American Landmark Apartments has acquired the 357-unit Ardmore King’s Grant Apartments in Charlotte, and 270-unit Ardmore Cates Creek apartments in Hillsborough, N.C.
The Charlotte apartments have been renamed “Conrad at Concord Mills,” and the apartments in Hillsborough are now “Cadence at Cates Creek,” (pictured above) and will receive 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, CIO 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.”
