Landmark Properties, a leader in the student housing sector, has achieved great success this fall with the completion of 10 new properties near flagship universities. These properties, totaling 8,195 beds and valued at $2 billion, make up the largest off-campus single-year portfolio ever delivered in this market. This accounts for more than one-quarter of all student housing deliveries during this season.
According to Wes Rogers, president and CEO of Landmark Properties,”Student housing continues to outperform other real estate asset classes even during challenging times such as the Great Financial Crisis and COVID-19.” He also added that “From an operational standpoint, student housing has never performed better.”
As part of their vertically integrated process,Landmark Construction,the firm’s construction arm,served as general contractor for seven out of ten properties delivered this fall.Additionally,the company is set to deliver four non-student residential projects by 2023.
Pictured: The Standard at Seattle – Landmark’s largest project yet.
The article titled “Landmark Sets New Record for Off-Campus Student Housing Deliveries” highlights how Landmark Properties has achieved unprecedented success in delivering top-quality off-campus student housing near flagship universities. With a total value exceeding $2 billion and comprising over one-quarter of all recent deliveries in the sector,this achievement stands as a testament to their expertise.
President and CEO,Wes Rogers,stated that despite facing challenges like historic rate increases,capital market difficulties,and even global crises like COVID-19,Landmarks’student housings have consistently provided stable cash flow.He further emphasized on how these accommodations have never performed better from an operational perspective.
In line with its vertically integrated approach,Landmarks’construction arm-Landmarks Construction-served as general contractor for seven out often recently completed projects.Moreover,four additional non-student residential developments are slatedfor delivery by2023.Amongst them,is The Standard at Seattle-their most ambitious project to date.
