Landmark Properties Closes $300M Student Housing Fund
The capital will support the developer's projects serving major public universities.
Landmark Properties has closed Landmark Sponsor Fund LP, a $300 million investment vehicle focused on student housing developments. The fund, which exceeded its initial $200 million target, will provide development capital for Landmark’s projects, where it will serve mostly as a merchant developer.
Landmark Sponsor Fund was formed in 2025 and set up in the structure of a limited partnership. It made an initial closing about seven months ago. Investors included insurance companies, pension funds, registered investment advisors and family offices.
“The Fund will target investments in and around communities proximate to top publicly chartered universities across the country,” said Max LaVictoire, Managing Director at Landmark Properties. “The Fund’s existing and near-term investments already include projects in the southeast, northeast, and west coast, and we expect the Fund’s portfolio to be highly diversified across the United States,” he added.
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It will also support early-stage executions and accelerate development timelines, while complementing Landmark’s longstanding capital partnerships.
The fund has already invested in several unspecified development projects in major markets. Landmark has roughly $10 billion in 50 student housing and other multifamily projects in progress. Its portfolio includes over 115 residential communities nationwide, with 74,000 beds under management.
Landmark participating in student housing boom
Student housing is still a leading sector for multifamily development, marked by strong demand and continued investor interest. Preleasing for the 2026–2027 academic year reached 52.3 percent in January, according to Yardi Matrix. Last year’s official figure came in at 45.6 percent.
Landmark Properties and Manulife Investment Management joined forces late last year to acquire a 3.29-acre site in Auburn, Ala., to build The Mark Auburn, a 825-bed community. It is Landmark’s second project in the Auburn market.
In November, a joint venture between Landmark Properties, HC2 Capital and Peninsula Investments acquired a 40-acre parcel located in Boone, N.C. in November, with plans to develop The Retreat at Boone, a 625-bed student housing community located near Appalachian State University.
Also that month, a JV between Landmark and Henderson Park acquired a 1.2-acre site in Charleston, S.C., for the development of The Mark Charleston project. The student housing community will include 335 beds across 99 units.
