Landmark Properties has acquired Sol at West Village, a 2,289-bed, mixed-use student housing community serving the University of California, Davis.
The sales price was not disclosed; however, the transaction is considered the largest single-asset sale to date in the student-housing sector.
The community offers a mix of one-, two-, three- and four-bedroom units alongside 36,000 square feet of commercial space, which is currently leased to the university.
The purchase is Landmark Properties’ third transaction completed in partnership with an investment group led by Southern California–based Ocean West Capital Partners.