State College, Pa. — Landmark Properties has acquired The Legacy, a 300-bed student housing community located one block from the Pennsylvania State University campus in State College.
The property offers four-bedroom units, and was acquired in an off-market transaction. The seller in the transaction was undisclosed. "We've seen great success in the State College market with The Metropolitan, The Retreat and The Station achieving an average overall occupancy rate above 99 percent,” says Wes Rogers, president and CEO of Landmark Properties. “Our acquisition of The Legacy allows us to meet the needs of multiple market segments and provide high-quality housing options for more students in the State College community.”