American Landmark buys, rebrands two Houston properties

Image of pool at The Jaxon on a sunny day. HOUSTON – Tampa, Fla.-based American Landmark has purchased two assets totaling 484 units.

One of the properties was the 234-unit Newport on the Lake at 1895 Barker Cypress Rd., which will be rebranded as Lakefront Villas.

The 250-unit Harbor View Apartments at 4855 Magnolia Cove Dr., being rebranded as The Jaxon, was also sold.

The assets were built in 2008 and 2010, respectively, and will undergo a combined $5.9 million capital improvement program.

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