American Landmark Apartments (“American Landmark”), one of the nation’s leading multifamily investment managers and owner-operators, has acquired Tortuga Pointe, a 295-unit apartment community located in St. Petersburg, Florida. The property will be rebranded as Tortuga Bayside, further expanding American Landmark’s Florida portfolio to 22 properties while strengthening the firm’s presence across the Tampa Bay region.
Located within the Tampa-St. Petersburg-Clearwater metropolitan area, St. Petersburg continues to benefit from one of the Southeast’s most resilient and diversified economies. The region has maintained economic momentum, supported by growth across several industries including marine and life sciences, specialized manufacturing, data analytics, and the most concentrated financial services in Florida and the region (City of St. Petersburg).
“The Tampa Bay region continues to distinguish itself as one of the Southeast’s strongest multifamily investment markets because it combines sustained job creation, a diversified economy and an exceptional quality of life,” said Elizabeth Roy, Chief Investment Officer at American Landmark Apartments…