Landmark Cos. has selected The Bainbridge Cos. to manage The Club at Crystal Lake, an apartment community in Deerfield Beach, Fla.
Located at 3808 Crystal Lake Drive, The Club at Crystal Lake is a luxury property that features 125 one-, two- and three-bedroom apartment homes. Residences range from 696 to 1,242 square feet, and rent for an average of $1,755 a month.
The purchase represents the first Florida asset acquisition for Landmark, a company that develops, owns and manages apartment properties throughout central and northern New Jersey.
The five-story Club at Crystal Lake was completed earlier this year. It had a 94.4 percent occupancy level at time of sale. Its apartment homes feature granite countertops, tile flooring, in-unit washers and dryers, above-average ceiling heights and stainless steel appliances.
Among the community’s higher profile amenities is a resident clubhouse. Local recreational opportunities include Tradewinds Park, Quiet Waters Park, Butterfly World and Regal Cypress Creek Station. A number of shopping centers, including Festival Marketplace and Deerfield Mall, are situated nearby.