Landmark Properties has formed a new $2 billion build-to-core student housing joint venture with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA).
The programmatic joint venture will focus on developing and operating student housing properties in targeted markets throughout the United States and has pre-identified multiple potential development opportunities.
The new build-to-core joint venture follows the $1 billion value-add student housing platform formed by Landmark and ADIA announced in March 2022 and represents an additional commitment to an already long-standing relationship between the two organizations.
“Our vertically integrated platform has never been more of a competitive advantage than it is today,” said Wes Rogers, president and CEO of Landmark Properties. “The ability to accurately estimate and better control costs with our in-house general contractor is incredibly valuable in this inflation