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Transactions - AUGUST 26, 2022

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American Landmark acquires Cabana 99th Apartments in Arizona’s ‘Antique Capital’

by Released

American Landmark Apartments has acquired Cabana 99th, a new, 286-unit apartment community located in Glendale, Ariz., just outside the Phoenix metropolitan area. The property has been renamed The Lotus.

This marks the company’s second acquisition in Arizona this year, after The Access Apartments in July.

“Phoenix, Arizona is a top multifamily investment market due to its growing population and favorable demographics, which are similar to the markets where American Landmark has longevity,” said Christine DeFilippis, CIO of American Landmark. “We are pleased to gain two new assets within a month in Phoenix and look forward to future investment in the area.”

Built in 2022 and located at 10000 W. Missouri Ave., The Lotus offers studio, one- and two-bedroom floor plans ranging from 468 square feet to 828 square feet. The apartments feature a dishwasher, full-size washer and dryer, large energy-efficient windows, stainless steel appliances, high nine-foot

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