American Landmark Apartments has acquired the 208-unit Waverly Place Apartments in Melbourne. The apartments – the company’s third asset within the Palm Bay/Melbourne area – will be renamed “City Harbor.”
So far this year, American Landmark has acquired more than $1.3 billion in apartment communities throughout the Sunbelt states of Texas, Florida, Georgia, and North and South Carolina, and has a significant presence in the Florida metros of Orlando, Tampa, Jacksonville and South Florida.
“The growth of the aerospace and manufacturing industries along Florida’s Space Coast has generated a large number of jobs and significant demand for high-quality apartments with a variety of amenities,” said Christine DeFilippis, Chief Investment Officer of American Landmark. “This property aligns perfectly within our strategy of targeting strong job and population growth markets in business-friendly states.”
Built in 1987 and located at 2395 Woodwind Trail, Waverly Place/City Harbor offers resort-style living surrounded by tropical landscaping alongside a peaceful private lake. With one-, two- and three-bedroom floor plans ranging from 700 to 1,025 square feet, the apartments offer generous space for any size family. Community amenities include a clubhouse, business center, state-of-the-art fitness center, swimming pool, summer kitchen/barbecue area, bark park and laundry facilities.
The property is located just minutes from the historic downtown Melbourne, and within 20 minutes of several large employers including Harris Corporate and Space Coast Credit Union headquarters. The property is approximately 10 minutes from Embry-Riddle Aeronautical University and the beaches; 15 minutes from Melbourne-Orlando International Airport; and one hour from Orlando International Airport.
Get the latest industry news and information from CRE-sources delivered right to your email inbox!
And we promise…no more than one email each morning.