Key Takeaways
- • American Landmark Apartments, a Tampa, Florida-based multifamily firm, appointed Elizabeth Roy as chief investment officer, according to a June 15 press release shared with Multifamily Dive.
- • Roy brings more than two decades of experience and has sourced, underwritten and closed more than $6 billion in transactions across all major property types, per the release.
- • Roy will lead investment strategy, capital deployment, acquisitions, risk management and portfolio management, reporting directly to CEO Joe Lubeck.
- • Roy says American Landmark is focused on Sun Belt markets where supply is tightening and expects a compelling rent growth environment going into 2026 and 2027.
Summary
American Landmark Apartments has appointed Elizabeth Roy as chief investment officer, the Tampa, Florida-based firm said in a June 15 press release shared with Multifamily Dive. Roy brings more than two decades of experience, with particular depth in multifamily and commercial real estate in the Sun Belt. Based in the firm's Palm Beach County office, she sits on the executive leadership team and reports directly to CEO Joe Lubeck, who cited her "deep expertise across the full capital stack" and her track record of originating and closing complex transactions at scale.
Per the release, Roy has sourced, underwritten and closed more than $6 billion in transactions across all major property types, working with private equity funds, REITs, high-net-worth individuals and family offices. Her experience spans acquisition, development and debt strategies. In the CIO role, she will lead the investment and acquisitions teams, establish underwriting standards and governance frameworks, and work with capital markets leadership to deepen relationships with institutional investors, lenders and capital partners.
Roy told Multifamily Dive that American Landmark is focused on Sun Belt markets where supply is tightening. According to Roy, many new deliveries that pressured rents over the past 18 months are being absorbed faster than headlines suggested, and the forward pipeline in the firm's core markets is thinning considerably. She also argued that the narrative around multifamily has been more negative than the fundamentals warrant, pointing to migration, household formation and relative affordability versus homeownership as enduring demand drivers. She described the current period as "a moment of recalibration, not retreat," and said rate stabilization is giving buyers and sellers a more reliable underwriting framework, with transaction activity picking up. Seller price discovery remains the lingering challenge, she said.
Before joining American Landmark, Roy worked on the real estate investment management team at New York Life Investors. Earlier, she originated and structured CMBS, agency and SASB loans at Morgan Stanley, and she built and led a floating-rate loan platform at Bancorp that originated and sold over $3 billion of CRE-CLO securitizations.
Per the release, Roy has sourced, underwritten and closed more than $6 billion in transactions across all major property types, working with private equity funds, REITs, high-net-worth individuals and family offices. Her experience spans acquisition, development and debt strategies. In the CIO role, she will lead the investment and acquisitions teams, establish underwriting standards and governance frameworks, and work with capital markets leadership to deepen relationships with institutional investors, lenders and capital partners.
Roy told Multifamily Dive that American Landmark is focused on Sun Belt markets where supply is tightening. According to Roy, many new deliveries that pressured rents over the past 18 months are being absorbed faster than headlines suggested, and the forward pipeline in the firm's core markets is thinning considerably. She also argued that the narrative around multifamily has been more negative than the fundamentals warrant, pointing to migration, household formation and relative affordability versus homeownership as enduring demand drivers. She described the current period as "a moment of recalibration, not retreat," and said rate stabilization is giving buyers and sellers a more reliable underwriting framework, with transaction activity picking up. Seller price discovery remains the lingering challenge, she said.
Before joining American Landmark, Roy worked on the real estate investment management team at New York Life Investors. Earlier, she originated and structured CMBS, agency and SASB loans at Morgan Stanley, and she built and led a floating-rate loan platform at Bancorp that originated and sold over $3 billion of CRE-CLO securitizations.
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