American Landmark Apartments acquires Jacksonville, Fla., apartment community
American Landmark Apartments has acquired The Wimberly at Deerwood, a 322-unit apartment community located in the sought-after Deerwood submarket of southeast Jacksonville, Fla.
This is the Tampa-based firm’s sixth community in the Jacksonville metropolitan area.
American Landmark will conduct an extensive renovation and repositioning plan, elevating this property – now called “The Drake at Deerwood” – to the status of a best-in-class, luxury residential community in the city.
“Jacksonville is benefitting from new and expanding employers in the region and has emerged as one of the fastest-growing cities in the country,” said Christine DeFilippis, CIO at American Landmark. “A lower cost of living, diversified economy, and proximity to destinations like the beaches underpin future growth, and we’re excited to expand our footprint in the metro with a premiere, well-located and well-maintained asset with plenty of upside potential.”