ORLANDO, FL – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, is expanding its footprint in Central Florida. The company has bought the 336-unit Radius Winter Park, located in Casselberry, Fla., along with the 288-unit Ashford at Feather Sound, located in Clearwater, Fla. for an undisclosed price in a privately negotiated transaction. The properties will be renamed Oynx Winter Park and Fairways at Feather Sound, respectively.
This acquisition brings American Landmark s portfolio up to approximately 34,000 apartment units across the Southeastern U.S. It owns and operates six multifamily communities in the Tampa metro area and eight in the Orlando metro area.
These are two fabulously located, presently underperforming assets in two of the strongest job markets in Florida, said Christine DeFilippis, chief investment officer at American Landmark. Tampa s economy and rental market has proven resilient throughout the pandemic, and while Orlando s job market was temporarily up-finished by the closure of theme parks and entertainment venues, jobs are starting to return and apartment demand will likely be shored up by an increasingly diversified economy which is driving apartment demand, as well as in-migration from other parts of the country.
American Landmark will make significant upgrades to both properties immediately to meet its portfolio-wide standards. Upgrades to units include granite countertops, new cabinets, tile backsplash, stainless steel appliances, nickel-brushed plumbing fixtures, luxury lighting fixtures, USB outlets and electronic locks. Community enhancements and upgrades will include new pool furniture, a renovated fitness center/clubhouse, new pool furniture, landscape enhancements and more.
Radius at Winter Park is located at 100 Reflections Circle in Casselberry and consists of 16 two- and three-tale buildings on a 33-acre site. The community offers one- and two-bedroom floor plans ranging from 468 to 998 square feet. Current community amenities include a fitness center, resort-style pool, pool deck, clubhouse, grilling and picnic areas, internet café, dog park, 24-hour laundry facility, package lockers, playground and pet spa. Radius at Winter Park is located at the convergence of the Winter Park, Maitland and Casselberry submarkets, approximately 25 minutes northeast of downtown Orlando.
Ashford at Feather Sound is located at 13621 Feather Sound Circle East in Clearwater, and consists of 21 two-tale buildings and a clubhouse on 21.6 acres.
The property offers one- and two-bedroom units ranging from 608 to 1,067 square feet.
Current amenities include a 24-hour fitness center, a heated swimming pool, a hot tub, pool deck, renovated clubhouse, grilling and picnic areas, business center, dog park, two lakes and a tennis court.
Located on the southern edge of Clearwater, Ashford at Feather Sound is located in a major employment corridor in Tampa Bay, with close proximity to St. Pete-Clearwater International Airport, the Carillon Office Park and the Raymond James Financial Global HQ (one of the largest employers in Tampa Bay). The property is also within simple access of I-275, providing a direct route to the downtowns of St. Petersburg and Tampa, as well as a brief 20-minute drive to the Clearwater and St. Petersburg beaches.

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PORTLAND, OR – LMC, a wholly owned subsidiary of Lennar Corporation and a leader in apartment development and management, announced the start of leasing at Denizen, a contemporary mixed-use apartment community in the Kerns neighborhood of Portland. Virtual and online leasing options are available to enable future residents to access a unique and realistic view of the community.
The midrise community, which consists of 212 apartment homes and 7,700 square feet of ground-floor retail, is located near the confluence of the eastside industrial district and the historic Laurelhurst neighborhood. The community sits just north of vibrant Sandy Boulevard, which is evolving into one of the city’s most desirable locations. Go-ins started in August.
“The Portland market features a small bit of everything and we’ve been continually excited to officially become a part of it,” said Brad Reisinger, division president of Pacific Northwest for LMC. “Denizen’s location is hard to beat with a wide variety of attractions at the fingertips of residents. We believe the community will complement the eclectic environment and we look forward to offering a top-tier living experience on the eastside.”
Situated at 2050 Northeast Hoyt Street, Denizen puts residents within steps of restaurants, shops and nightlife options along Sandy Boulevard and the eastside corridor. The community features a superb Walk Score of 97—considered a walker’s paradise—and a perfect bike score of 100. The community sits less than two miles from Laurelhurst Park, which contains 31 acres of open space, athletic fields, off-leash dog areas and paths for running, walking or biking.
Residents will delight in prime connectivity to several key thoroughfares across the city. Sandy Boulevard easily connects with Downtown Portland, and nearby Interstates 5 and 84 are the gateways to key locales across the metropolitan area and beyond. The site is one block from a stop along the Tri-Met bus line.
Denizen offers studio, one- and two-bedroom apartment homes and a variety of high-end finishes and upmarket touches. Apartment interiors feature stainless steel appliances, wood-style plank flooring, tile backsplashes, under-mount sinks, tile surrounds in bathtubs/showers, and full-size washers and dryers in all homes. Select homes offer air conditioning, Juliette balconies, and the top-floor corner homes will be equipped with full-size balconies.
Community amenities consist of a resident lobby, co-working lounge with a private conference room and fireplace, pub-inspired clubroom with a photo booth, beer tap and large-screen televisions, fitness center with inspiring motivational wall, rooftop amenity space with grill areas, and an aesthetic courtyard with fire pit and barbecues.
Denizen marks one of two LMC communities under development in Portland. It joins Amara, a 138-home midrise situated at the southern edge of the Pearl District, which is projected to open in 2021.

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FORT WORTH, TX – Walker & Dunlop, Inc. announced that it structured a $17,850,000 Fannie Mae loan for Constellation Ranch, a 324-unit, Class B multifamily property located in Fort Worth, Texas. The property consists of 13 apartment buildings and was distinctively designed with a Texas ranch-style ambience.
Stuart Wernick, Managing Director, and Matt Newton, Director, led the Walker & Dunlop team in arranging the refinance for Railfield Partners, a long-time client. The ten-year, floating-rate loan was structured with full-term interest only payments at a rate below 2.50 percent. At funding, the property’s occupancy was approximately 94 percent.
Mr. Wernick commented, “We were able to tailor Fannie Mae’s loan programs to meet our client’s unique needs, providing them flexible loan terms that allow them to revisit a sale of the property once the market recovers from the effects of COVID-19. Constellation Ranch is a unique community, offering a mixture of the rural and the urban. We are excited to have played a role with Fannie Mae in getting this job done.”
Built in 2005, Constellation Ranch is located minutes from downtown Fort Worth and offers one-, two-, and three-bedroom floor plans. The property offers a resort-style pool and spa, a state-of-the-art clubhouse, business center, pet park, and multiple outdoor picnic areas, grills, and fireplaces.
Walker & Dunlop is a leader in multifamily lending, ranking as the largest Fannie Mae DUS multifamily lender and the 3rd largest Freddie Mac Optigo multifamily lender by volume in 2019.

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