Landmark Properties has recapitalized The Standard at Austin, a 934-bed student housing community located at 715 W 23rd St. in Austin. The community serves students attending the University of Texas. TSB Capital Advisors arranged the debt on the transaction.
“The recapitalization of The Standard at Austin adds to a record year of transaction activity for Landmark in 2023,” said Wes Rogers, president and CEO of Landmark Properties. “Landmark is continuing to see strong interest from investors looking to grow their exposure to the student housing sector by partnering with experienced sponsors.”
The Standard at Austin, completed in 2021, is situated directly across the street from Landmark’s second ground-up development in West Campus, The Mark Austin, which opened in July 2023. The firm owns and operates several other student housing communities in the West Campus neighborhood, proximate to the University of Texas-Austin. In total, Landmark owns and operates s
