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Student Housing Daily - February 3 - Landmark Properties acquires 1,288-bed portfolio

Student Housing Daily - February 3 - Landmark Properties acquires 1,288-bed portfolio

UVA selects Capstone to deliver 780 beds. JLL arranges refi. Fulton County approves $144M bonds. Student housing in 2026. Four new student housing deals.

Aid Sopjani & Matt H
February 03, 2026

Good morning. Welcome to Student Housing Daily! In each issue, we cover the top stories, trends, and listings in student housing.

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NEWS ROUNDUP

ACQUISITION: Landmark Properties acquires 1,288-bed portfolio. Landmark Properties has acquired two student housing communities totaling 1,288 beds in Lubbock’s Overton Park neighborhood near Texas Tech University. The acquisitions include The Bloc, a 556-bed, 10-building community built in 2017, and Park East, a 732-bed, two-building property completed in 2016, both offering extensive amenity packages and structured parking. The seller and pricing were not disclosed. Financing for the transaction was arranged by TSB Capital Advisors.

DEVELOPMENT: UVA selects Capstone to deliver 780-bed student housing. University of Virginia has selected Capstone Development Partners to develop new upper-class student housing on campus, with design by Elkus Manfredi Architects and construction led by a joint venture of Hoar Construction and Hourigan. The project is scheduled for delivery for the fall 2027 term and will house about 780 students in apartment-style units.

FINANCING: JLL arranges refi for 720-bed student housing near UC Berkeley. JLL arranged refinancing for a two-phase, 720-bed student housing community in Berkeley, representing borrower Article Student Living, an operating platform of QuadReal Property Group, with financing provided by funds managed by Oaktree Capital Management. The two buildings, completed in 2022 and 2023, total 204 units. Katy Mao, Managing Director for Oaktree’s Real Estate Debt strategy, said the loan supports a premier asset in a supply-constrained, high-barrier market and extends Oaktree’s relationship with JLL and Article Student Living.

FINANCING: Fulton County approves $144 million bonds for Atlanta development. The Development Authority of Fulton County (Develop Fulton) approved more than $144 million in bond financing for a 290-unit, 450,000-square-foot residential development in Atlanta that would house about 800 residents, with a focus on students at historically Black colleges. Construction is expected to begin in summer 2026 with delivery in fall 2028, and the facility will include common areas such as lounges, study space, a rooftop terrace, and fitness amenities. The schools cited enrollment growth of about 25% over the past five years—adding roughly 1,100 students—as a key driver, with projected rents around $1,200 per bed per month.

READ: Student housing in 2026.