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Landmark Properties, Abu Dhabi Entity Form Second, $2B Student Housing Venture
Athens, GA-based Landmark Properties has formed a new $2 billion build-to-core student housing joint venture with a wholly owned subsidiary of the Abu Dhabi Investment Authority.
The programmatic joint venture will focus on developing and operating student housing properties in targeted markets throughout the United States and has pre-identified multiple potential development opportunities.
According to Landmark, ADIA is a “globally diversified investment institution that prudently invests funds on behalf of the Government of Abu Dhabi through a strategy focused on long-term value creation.”
The new build-to-core joint venture follows the $1 billion value-add student housing platform formed by Landmark and ADIA announced in March 2022 and represents an additional commitment to an already long-standing relationship between the two organizations.
Not including a pipeline of potential development opportunities, the existing joint ventures between Landmark and ADIA comprise assets with 17,400 beds in Tier 1 university markets throughout the country.
- ◦Financing
