JACKSONVILLE, FL – American Landmark Apartments, one of the fastest-growing multifamily owner-operators in the country, has bought Sentosa Beachwalk, a groundbreaking new 348-unit multifamily community located in the Saint John s suburb of Jacksonville, Florida. The community will be renamed The Elysian.
With this acquisition, American Landmark s portfolio now stands at 30,000 units throughout the Southeast, with four communities in the Jacksonville MSA.
We remain bullish on the long-term prospects for Jacksonville and other cities in the Southeast, which we anticipate will recover quickly once the country re-opens for business, said Christine DeFilippis, Chief Investment Officer of American Landmark. Jacksonville s population grew by about 10 percent this past decade, and it has a strong back-bone of jobs in manufacturing, logistics and financial services. While the city may see some tempering of job growth moving forward, we do anticipate continued in-migration from states in the Northeast which will shore up demand for apartments throughout the region.
Brian Moulder and Dhaval Patel of Walker & Dunlop in Jacksonville brokered the transaction.
In addition to renaming the property, American Landmark plans to undertake minor property upgrades including adding USB outlets to individual apartments, installing a temperature-controlled package locker delivery system, landscape beautification and upgrades to the common areas, car wash and dog park areas.
Built in 2019, Sentosa Beachwalk is located at 65 Sentosa Drive. One-, two- and three-bedroom units include spacious floor plans, granite counter tops, stainless steel appliances and smart thermostat and light controls. Community amenities include a 24/7 fitness center, fireside lounge, resort-inspired swimming pool, volleyball courts, playgrounds and laundry and dry cleaning.
The property is conveniently located a half hour from downtown Jacksonville in Southside. It is part of Beachwalk, a new resort-style community featuring a 14-acre Crystal Lagoon and over 450,000 square feet of retail and mixed-use space, including a new Publix supermarket.

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BOCA RATON, FL – Mill Creek Residential, a leading multifamily developer and operator specializing in premier communities across the U.S., announced the formation of a programmatic joint venture with QuadReal Property Group, a global real estate investment firm. The venture will invest up to $421 million to develop and operate multifamily communities in targeted US markets over the next two to three years.
The venture has closed on its first land acquisition for the development of Modera Six Pines, a proposed Class A apartment community with 429 apartment homes in The Woodlands, Texas area.
“QuadReal is a well-respected firm with a depth of experience in the multifamily sector,” said William C. MacDonald, chief executive officer, president and chief investment officer for Mill Creek. “We are looking forward to working with this world-class organization to grow our portfolio of high-quality, award-winning communities in some of the most desirable markets in the country. This venture serves as an vital step in further developing our investment management business.”
Tim Works, managing director, Americas for QuadReal, added: “We are pleased to form this new relationship with Mill Creek, a first-rate developer and operator of multifamily communities, with whom we are keen to grow our portfolio of Class A apartment properties throughout the US. Mill Creek and QuadReal share a deep conviction in the asset class and a commitment to building and operating high quality communities.”
Hodes Weill Securities acted as financial advisor and global placement agent for Mill Creek in connection with the formation and capitalization of the investment joint venture.

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FRISCO, TX – Embrey Partners, in alignment with its strategic plot to advance its position as a diversified real estate investment company and to grow its premium asset portfolio, announced the refinancing for Domain at the Gate Apartments in Frisco, Texas.
This 5-tale, 350-unit premium living community was built in 2017. Located just north of Frisco Station and the Ford Center at the Star, this high-end property was developed to leverage the growth dynamic in and around north Dallas and the high-density employment nearby.
Amenities include controlled access, 24-hour two-tale fitness facility and yoga/spin room, indoor sports simulator, clubhouse and coffee bar, luxurious resort style pool, a fully equipped outdoor kitchen and a private library. The apartments deliver the highest-end finishes, ample floorplans and walk-in closets. Units come with wood-style flooring, full-size washers and dryers and plush carpet in the bedrooms. 5G Evolution wireless technology from AT&T provides data services to the residents.
The debt was placed with Pacific Life with financing originated by Trinity Real Estate Finance, Inc., in San Antonio, Texas.

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