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landmark properties

CaliforniaInvestment SalesNews

Landmark Properties Acquires 2,289-Bed Community at the University of California, Davis for $446.7 million

by Katie Sloan

Davis, Calif. — Landmark Properties has acquired Sol at West Village, a 2,289-bed, mixed-use student housing community serving the University of California, Davis, for approximately $446.7 million. The transaction is the largest single-asset sale to date in the student housing sector, surpassing the $235 million University View transaction in 2018. The community offers a mix of one-, two-, three- and four-bedroom units alongside 36,000 square feet of commercial space, which is currently leased to the university. The property offers amenities including a 24-hour study hall, fitness center, yoga studio, cafe, media …

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AlabamaInvestment SalesNews

Landmark Properties, Goldman Sachs Acquire Two Communities Near the University of Alabama

by Katie Sloan

Tuscaloosa, Ala. — A joint venture between Landmark Properties and affiliates of the Goldman Sachs Merchant Banking Division has acquired two student housing communities located near the University of Alabama. Acquisitions include My House on Caplewood, a 150-bed student housing property, and My House on the 50, a 161-bed student housing property. The communities were acquired from South City Partners for an undisclosed price. 

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DevelopmentNewsWashington

Landmark Properties Buys Land Assemblage in Seattle, Plans 1,600-Bed Student Housing Project

by Katie Sloan

Seattle — Landmark Properties has acquired an eight-parcel development site in Seattle’s University District. A group of undisclosed sellers sold the fee-simple assemblage, which was rezoned for greater density and taller buildings in 2017, for $39 million or $950 per-square-foot. Tim McKay, Dan Chhan and Sam Wayne of Colliers International represented the sellers in the disposition. Landmark Properties plans to begin construction on two 25-story residential towers and one seven-story mid-rise building in 2021. The project will sit on a combination of 11 parcels of land, including the recently purchased eight-parcel site. …

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ConnecticutFloridaLouisianaNewsNorth CarolinaOperationsOregonSouth CarolinaTennessee

Landmark Properties Adds 11 Communities to Management Portfolio Totaling 5,400 Beds

by Katie Sloan

Athens, Ga. — Landmark Properties has been awarded management of 11 student housing communities totaling 5,400 beds. The Athens-based company’s new assignments are located in Tennessee, Oregon, South Carolina, Florida, Louisiana, Connecticut and North Carolina. Properties Include:  “As we continue developing and managing our owned properties, we also remain keenly focused on our third-party management business,” says James Whitley, COO of Landmark Properties. “This allows us to bring our deep industry and operational knowledge, as well as unsurpassed college living experiences, to more student housing developments across the country.”

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ColoradoDevelopmentNews

Construction Continues on 780-Bed Community Near Colorado State University

by Katie Sloan

Fort Collins, Colo. — Construction is underway on The Standard at Fort Collins, a 780-bed community serving students and young professionals near Colorado State University in Fort Collins. The community is being developed by Landmark Properties, and is set for completion in fall 2020. The property will offer studio, one-, two-, three-, four- and five-bedroom units. Shared amenities will include a rooftop swimming pool, coffee bar, study lounge, private study rooms, a 24-hour fitness center, clubhouse, grilling spaces and outdoor courtyards. Katerra is serving as general contractor for the project. 

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FloridaInvestment SalesNewsTexas

Landmark Acquires Three Properties in Florida, Texas Totaling 1,130 Beds

by Katie Sloan

Tallahassee, Fla. and Austin, Texas — Landmark Properties has acquired three student housing communities located in Florida and Texas totaling 1,130 beds. Acquisitions include The Nine at Rio, a 347-bed community, and The Nine at West Campus, a 345-bed community, both located near the University of Texas at Austin; and The Nine at Tallahassee, a 438-bed community located near Florida State University. Terms of the transaction and the seller were undisclosed. “This deal is indicative of our continued growth and expansion both in student housing development and acquisitions,” says Wes …

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AlabamaArizonaDevelopmentFloridaIllinoisNewsNorth CarolinaOff-campusPennsylvaniaTexas

Landmark Properties Opens Nine Communities Totaling $950 Million

by Katie Sloan

Athens, Ga. — Landmark Properties has opened nine new student housing developments valued in excess of $950 million. The new deliveries total 6,166 beds and are located in North Carolina, Arizona, Alabama, Texas, Illinois, Florida and Pennsylvania. Openings include:  The Station at Raleigh, a 658-bed, cottage-style community serving students at North Carolina State University in Raleigh. The property offers one-, three- and four-bedroom units. Shared amenities include a 10,500-square-foot clubhouse, resort-style swimming pool, hot tub, 24-hour fitness center, sauna, study lounge, computer lab, yoga studio, sand volleyball court and an …

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Investment SalesMichiganNewsOff-campus

Landmark Properties Acquires Two Communities Near the University of Michigan

by Katie Sloan

Ann Arbor, Mich. — Landmark Properties has acquired two student housing communities located near the University of Michigan campus in Ann Arbor. Acquisitions include the 248-bed Zaragon Place and the 198-bed Zaragon West. Both properties were built by Chicago-based development company Zaragon Inc. Landmark is set to implement a capital improvements program on both properties, which will include upgrades to unit interiors and common areas. Dorothy Jackman and Jamie Swick of Colliers International’s student housing group brokered the transaction.

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DevelopmentGeorgiaNewsUncategorized

Landmark Properties to Break Ground on Seven Communities Totaling 4,450-Beds

by Katie Sloan

Athens, Ga. — Landmark Properties has announced plans to break ground on seven student housing developments totaling 4,450 beds. These projects will increase the Athens-based company’s total assets under construction to more than $2.9 billion. New developments will include:  The Retreat at Pullman, a 767-bed, cottage-style community located near Washington State University in Pullman. The property will offer two-, three-, four-, five- and six-bedroom units. Shared amenities will include a 12,500-square-foot clubhouse, resort-style swimming pool, hot tubs, a fitness center, computer lab, fire pit, sand volleyball court, hammocks and corn …

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News

Goering Joins Landmark as SVP of Acquisitions

by Katie Sloan

Athens, Ga. — Landmark Properties has hired industry veteran JD Goering as the company’s new senior vice president of acquisitions. Goering will be responsible for sourcing and evaluating acquisition opportunities, structuring joint ventures and closing on investments. Goering has 12 years experience in the student housing sector. Since 2015, he has been vice president of the transactions group at Harrison Street Real Estate Capital. Prior to that, Goering was senior Vice President and leader of the student housing acquisition team at Blue Vista Capital Management for seven years. He has …

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