Landmark Properties has formed a joint venture with a wholly owned subsidiary of the Abu Dhabi Investment Authority (ADIA) initially targeting $1 billion for investments. The programmatic joint venture will focus on acquiring and operating value-add student housing properties in targeted markets throughout the United States.
The new platform furthers a long-standing relationship between Landmark, the nation’s largest student housing developer, and ADIA. Existing joint ventures between Landmark and ADIA comprise assets with nearly 15,000 beds in tier 1 university markets throughout the country.
“Landmark and ADIA have been aligned from the start of our relationship, seeing tremendous opportunity in top-tier student housing markets,” said Wes Rogers, president and CEO of Landmark Properties. “We are confident we can find acquisition targets across the nation that will complement our existing development strategy. We are appreciative of the opportunity to expand o