Summary:
- Landmark Properties announced the initial closing of Landmark Realty Partners II, LP with $140 million in capital commitments, targeting $500 million total to pursue value-add acquisitions in the U.S. student housing sector, focusing on undercapitalized assets near large, selective universities.
- The Fund builds on Landmark’s two decades of experience and complements its existing platforms, aiming to reposition mid-2010s vintage student housing properties through targeted capital improvements and operational enhancements to capture attractive risk-adjusted returns.
- Since 2018, Landmark has acquired over $2 billion in value-add student housing assets totaling 19,000 beds, contributing to its overall $14 billion investment track record and a portfolio managing 76,000 beds across 115 communities nationwide.
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