Landmark Properties, a real estate firm specializing in the development, construction, investment management, and operation of residential communities, announced plans to develop a second student apartment community in the Los Angeles market. Construction is scheduled to begin by the end of 2023 on the 435-unit community located 0.3 miles from The University of Southern California’s campus. While plans are still progressing, Landmark expects to deliver more than 1500 beds for Fall 2026.
“We are excited to break ground on our first project at USC,” said Landmark President and CEO Wes Rogers. “As the nation’s largest developer of student housing serving students at Tier 1 universities across the country, we have been attracted to the USC market for some time. We look forward to providing more USC students with a luxury off-campus living option steps from campus.”
The residential community will offer several floorplans ranging from studio to five bedrooms. The development will also include 87 units reserved for those identified at the low-income level or below. Construction on the development is expected to be completed before the fall 2026 semester.
Landmark Urban Construction will serve as the general contractor for this project. Newmark’s Shannon, Executive Managing Directors Ken White, Greg Galusha, and Bryan Norcott, Vice Chairman and Head of Newmark’s Student Housing group Ryan Lang and Director Jack Brett, in cooperation with Senior Managing Director Chris Benton and Managing Director Anthony Muhlstein brokered the deal, along with Eric Bergstrom at Bergstrom Capital Advisors.
The University of Southern California is the oldest private research university in the state and has an enrollment of 49,500 students.