Landmark Increases UT Austin Student Housing Presence

Landmark Properties acquired Pointe on Rio in Austin, near the campus of the University of Texas. Pointe on Rio, soon to be rebranded as Tradition on Rio, is Landmark’s seventh asset in the Austin market; the acquisition adds 321 beds and 122 units to the company’s portfolio. 

Built in 2014, this mid-rise community at 1901 Rio Grande Street boasts a nearly 94% preleasing rate for the Fall 2024 term. It has a diverse range of apartment layouts, spanning from studio to five-bedroom floorplans. 

Pointe on Rio offers students a number of amenities, such as a courtyard pool, resident lounge with gaming area, pool table and TVs, on-site parking, fitness center, conference/study room, and numerous resident events throughout the year.

Landmark’s presence in Austin is bolstered by a portfolio totaling 3,769 beds across renowned communities including Legacy on Rio, The Mark Austin, The Standard at Austin, The Nine at Rio, The Nine at West Campus, and Moontower.