Landmark Properties has announced the initial closing of Landmark Realty Partners II, LP (LRP II) with approximately $140 million of aggregate capital commitments. The fund is seeking $500 million of total commitments and will invest in value-added real estate opportunities in the U.S. student housing sector.
LRP II is Landmark’s second institutional investment vehicle focused exclusively on value-added student housing acquisitions and represents the firm’s 10th institutional investment vehicle across all strategies since inception. The initial closing for the fund comes less than five months since Landmark held the final closing for Landmark Sponsor Fund, LP, an opportunistic fund focused on student housing development, which closed with $300 million aggregate capital commitments and was oversubscribed at 50 percent above its initial target.
“The support we have received at this initial closing reflects the confidence our partners place in Landmark’s verticall
