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Mosaic Investment Partners, the development affiliate of Mosaic Student Communities, has completed Tessera, a $56 million purpose-built student housing community near the University of Southern California campus. The property is located at 1069 W. Exposition Blvd. and marks the firm’s first ground-up development as well as its largest project to date, representing a scale step-up for the platform. The delivery adds new, student-focused housing supply in the immediate USC area, where purpose-built product continues to evolve alongside enrollment and neighborhood demand.
A ribbon-cutting ceremony for Tessera is scheduled for Friday, May 1, bringing together public officials, project partners, and community representatives to formally recognize the completion. California Senate President pro Tempore Monique Limón is slated to serve as the keynote speaker, underscoring the visibility of the project within the broader community and policy landscape. The event is positioned as both a celebration of the building’s completion and an acknowledgment of its anticipated role in the surrounding neighborhood.
Mosaic Investment Partners describes Tessera as a milestone that helps define the firm’s long-term strategy in student housing. Co-founder George Alva noted that the team set out to develop more than a conventional student property, emphasizing a design approach intended to foster academic success and community connection. According to Alva, the project is meant to reflect the character and energy of the USC neighborhood while aligning with Mosaic’s focus on durable, student-oriented investments.
The community is characterized as purpose-built student housing, indicating that it was designed from the outset for student residents rather than adapted from another use. While specific unit counts, amenities, and leasing details were not disclosed, Mosaic highlights Tessera’s community-centered orientation and its intention to support students’ daily lives through both design and programming. The project’s scale and signaling as the firm’s largest effort to date suggest that it serves as a reference point for future development activity within Mosaic’s portfolio.
For stakeholders in the USC area, Tessera’s completion marks the introduction of a new, privately developed housing option adjacent to a major university campus. For Mosaic Investment Partners and its affiliate Mosaic Student Communities, the project represents a platform-defining investment that may inform subsequent ground-up initiatives in similar student housing markets. The forthcoming ribbon-cutting, with participation from senior state leadership and local stakeholders, is expected to formally open the property and highlight its intended contribution to the campus-adjacent neighborhood.
The post Mosaic Investment Partners Completes Tessera Student Housing Near USC in Los Angeles appeared first on CRE Market Beat.
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