A joint venture between Landmark Properties and Blackstone Real Estate Income Trust [BREIT) has acquired 2,248 beds across four student housing properties located in Tier 1 markets.
“Landmark is excited to expand its relationship with Blackstone through the acquisition of this portfolio of core assets at universities with strong enrollment growth and high barriers to entry,” said Landmark President and CEO, Wes Rogers. “We see significant opportunity to leverage our track record as an experienced operator to add value to this portfolio.”
Jacob Werner, Co-head of Real Estate Acquisitions Americas, said, “This transaction reflects our ongoing confidence in the student housing sector and is consistent with BREIT’s strategy of acquiring high-quality, income generating properties that have attractive long-term growth potential.”
