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Student Housing Daily - May 6 - Landmark/Stockbridge acquire two communities

Student Housing Daily - May 6 - Landmark/Stockbridge acquire two communities

Newmark sells 102 beds. CBRE sells 1,225 beds. Radnor, Harrison Street receive award. Walker & Dunlop student housing report 2025. Four new student housing deals.

Aid Sopjani & Matt H
May 06, 2025

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NEWS ROUNDUP

ACQUISITION: Landmark Properties and Stockbridge acquire two communities. Landmark Properties, in partnership with Stockbridge, has acquired Icon Plaza (252 beds) and West 27th Place (452 beds) near the University of Southern California, expanding its Los Angeles footprint to nearly 2,200 beds. The sale was brokered by TSB Realty, with financing arranged by TSB Capital Advisors. JD Goering, SVP of Acquisitions at Landmark, noted the strong off-campus demand driven by USC’s global student population, with around 81% of students requiring housing beyond campus. The acquisition is Landmark and Stockbridge’s third joint transaction.

DISPOSITION: Newmark sells 102 beds. Newmark has successfully arranged the sale of 301 College, a 102-bed property in Ithaca, New York. Ryan Lang, Jack Brett, Ben Harkrider, Mallory Rodriguez, Hope Brunner, Annarose Childress, Daley Heller, John Clark, Ben Roelke, Ian Walker, Trent Houchin and Jeff Barnwell are part of Newmark’s student housing team.

DISPOSITION: CBRE sells 1,225-bed asset in Alabama. CBRE has successfully arranged the sale of The Lofts at City Center, a 1,225-bed property in Tuscaloosa, Alabama. Jaclyn Fitts, William Vonderfecht, Casey Schaefer, Carson Ford, Eduardo Gamez, Sully Keeley, Brad Peters, and Victoria Langston are part of CBRE’s student housing team.

AWARD: Rednor and Harrison Street receive innovator award. Radnor Property Group and Harrison Street were awarded “Best On-Campus P3 Development” at the 2025 Student Housing Business Innovator Awards for their multi-phase student housing partnership with Duquesne University. The seven-year initiative, which includes Brottier Hall, St. Martin Hall, and the newly delivered McGinley Hall, added nearly 2,000 beds and modernized the university’s housing with upgraded amenities and communal spaces. Matthew Frist, Duquesne’s SVP of Finance and Business, noted the projects helped strengthen the university’s financial position and credit rating. David Yeager, CEO of Radnor, and Jim Hennessy, Senior Managing Director at Harrison Street, praised the collaboration’s success.

READ: Walker & Dunlop student housing report 2025.

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