September 23, 2014 6:45 PM ET

Real Estate Management and Development

Company Overview of Elco Landmark Apartment Trust Holdings, LLC

Company Overview

Elco Landmark Apartment Trust Holdings, LLC, doing business as Elco Landmark Residential Holdings, LLC, owns and operates multifamily properties in Southeastern United States. Its communities offer amenities that include swimming pools and leisure decks; fitness centers; business centers; fishing and boating; tennis courts; playgrounds and picnic areas; car wash centers; clothes care centers; pet care centers; coffee houses; and washer/dryer connections. Elco Landmark Apartment Trust Holdings, LLC was incorporated in 2008 and is headquartered in Tampa, Florida.

3505 East Frontage Road

Suite 150

Tampa, FL 33607

United States

Founded in 2008

Phone:

813-281-2907

Fax:

813-287-2178

Key Executives for Elco Landmark Apartment Trust Holdings, LLC

Chief Executive Officer and Director
Age: 60
Chief Investment Officer and Senior Managing Director
Chief Administrative Officer and Senior Managing Director
Age: 53
Executive Vice President and Controller of Accounting and Finance
Compensation as of Fiscal Year 2014.

Elco Landmark Apartment Trust Holdings, LLC Key Developments

Elco Landmark Residential Holdings, LLC Acquires Two Multifamily Assets Located in North Carolina

Elco Landmark Residential Holdings, LLC announced that through its private partnership with Timbercreek Asset Management, it has acquired two garden-style multifamily properties located in Cary, North Carolina for a combined purchase price of approximately $56 million. Together, the properties contain 788 units and are 95% occupied. Landmark at Eagle Landing, formerly known as Hidden Oaks, was constructed in two phases in 1986 and 1988, contains 444 units and is located at 100 Northwoods Village Drive. Landmark at Watercrest, formerly known as Woodbridge, was constructed in two phases in 1992 and 1995, contains 344 units and is located at 100 Appledown Drive. The properties are conveniently situated in proximity to Interstate 40 (I-40) and the Research Triangle Park. Both properties offer residents a number of attractive amenities including a clubhouse, resort-style swimming pools, tennis courts, fitness center, sand volleyball court, dog park and picnic areas. Over the next 12 to 24 months, Elco Landmark Residential plans to upgrade the properties' interior and exterior to maximize cash flow potential. Planned upgrades include new signage, a remodeled clubhouse, the addition of a dog park, Wi-Fi & business center addition, new interior lighting, cabinet doors and hardware, and new flooring in the kitchen and baths.

Elco Landmark Residential Partners with Debartolo Development and LEM Capital to Acquire Four Multifamily Properties Located in Texas

Elco Landmark Residential announced that it partnered with DeBartolo Development LLC and LEM Capital to acquire four garden-style multifamily properties located in San Antonio and the Austin submarket of Round Rock for a combined purchase price of approximately $44 million. Collectively, the portfolio consists of 771 units and is 95% occupied. A breakdown of the portfolio can be found below: Landmark at Atrium Commons, formerly known as Huebner Country, is located at 8727 Huebner Road in San Antonio, TX. The property was constructed in 1983 and contains 256 units; Landmark at Stratton Park, formerly known as Hampton North, is located at 12324 Starcrest Drive in San Antonio, TX. The property was constructed in 1985 and contains 127 units; Landmark at Amelia Ridge, formerly known as The Gables of Round Rock, is located at 1500 Lawnmont Drive in Round Rock, TX. The property was constructed in 1985 and contains 188 units; Landmark at Auburn Manor, formerly known as Vista Ridge, is located at 1200 South Mays Street in Round Rock, TX. The property was constructed in 1984 and contains 200 units.

Elco Landmark Residential Acquires Two Multifamily Properties in Jacksonville, FL

Elco Landmark Residential Holdings, LLC announced that it acquired two garden-style multifamily properties located in Orange Park, Florida, a suburb of Jacksonville, for a combined purchase price of $47.5 million. The properties known as Landmark at Autumn Cove and Landmark at Vista Grande are adjacent to each other and contain a combined total of 560 units. Collectively, the properties are 95% occupied. Elco Landmark plans to implement its proven renovation and repositioning program to improve each property's physical structure and aesthetics to unlock embedded value and cash flow opportunities. The Company is considering a number of potential upgrades including new signage, remodeled clubhouses and units and the addition of a dog park, Wi-Fi café, business center, and picnic areas. In regard to unit renovations, Elco Landmark plans to add new interior lighting packages, new cabinet doors and hardware, new flooring in kitchens and baths and new appliances and carpeting.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
December 12, 2013
Landmark at Garden Square LLC
 

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