Summary:
- Liberty Mutual Investments and Landmark Properties have formed joint ventures to develop two new student housing projects, The Mark State College at Pennsylvania State University and The Mark Mansfield at the University of Connecticut, delivering a total of 1,255 purpose-built beds near these major public universities.
- The Mark State College will provide 515 beds in a 12-story building with amenities including a rooftop pool, fitness center, and study lounges, marking LMI’s third student housing investment at Penn State; The Mark Mansfield will add 740 beds in the supply-constrained UConn market with comparable high-end amenities.
- These projects expand LMI’s student housing portfolio, which currently includes approximately 17,000 beds, and leverage Landmark’s development expertise to address growing demand for quality off-campus housing, supporting student communities and easing local housing pressures.
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