Tallahassee, Fla. and Austin, Texas — Landmark Properties has acquired three student housing communities located in Florida and Texas totaling 1,130 beds. Acquisitions include The Nine at Rio, a 347-bed community, and The Nine at West Campus, a 345-bed community, both located near the University of Texas at Austin; and The Nine at Tallahassee, a 438-bed community located near Florida State University. Terms of the transaction and the seller were undisclosed.
“This deal is indicative of our continued growth and expansion both in student housing development and acquisitions,” says Wes Rogers, president and CEO of Landmark Properties. “These are all high-quality housing options in high-demand pedestrian locations near flagship universities, and we look forward to bringing our proven property management approach to these communities and creating an unsurpassed living experience for residents.”