LOS ANGELES, CA – Landmark Properties, a fully-integrated real estate firm specializing in development, construction, investment management, and operation of high-quality residential communities, announces plans to develop a second student apartment community in the Los Angeles market. Construction is scheduled to start by the end of 2023 on the 435-unit community located 0.3 miles from The University of Southern California’s campus. The new residential community will be one of the largest purpose-built student housing developments at USC. While plans are still progressing, Landmark expects to deliver more than 1500 beds for the Fall of 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.”
Located at the corner of West 39th and South Figueroa streets in “the New Ninth” district of Los Angeles, the site was bought from Ventus Group, an Orange County based mixed-use developer. “This was a complex land assemblage and entitlement process that our team worked on for many years to make this rare, urban infill opportunity,” said Scott Gale, CEO of Ventus Group. “A project of this magnitude requires patience, persistence and vision, and it is rewarding to be an integral part of something that is set to have a huge impact.”
“This asset represented a right labor of like given the difficulty and time associated with the land assemblage,” said Kevin Shannon, Co-Head of Newmark’s U.S. Capital Markets group. “This best-in-class student housing development will be an attractive addition to the USC community.”
The residential community will offer several distinct floorplans, ranging from studio to five-bedrooms. The careful design of these units will stand out to potential residents when weighing options among comparable apartments. The development will also include 87 units reserved for those identified at the low-income level or below.
Apartments in the development feature a gourmet-style kitchen with ample cabinet space, quartz countertops and stainless appliances. Each residence comes fully furnished with washers and dryers, offers luxury vinyl tile flooring, and includes technology-related amenities in the common living area, along with high-speed internet and cable included with rent.
Additionally, residents will delight in clubhouse and social amenities in several areas of the community, most notably on the rooftop level adjacent to a resort-style pool. The lounge, computer lab, and fitness center amenities will be open 24-hours for convenience. The rooftop outdoor amenity spaces add more opportunities for recreation and socialization with a grilling area and pool. In addition to the fully programmed amenity package, the apartment community will include over 20,000-square-feet of retail fronting Banc of California Stadium. Onsite parking will be available for residents and retail guests.
Construction on the development is expected to be complete ahead of the fall 2026 semester. The proximity to campus attractions will provide quick and convenient options for students commuting to and from campus. In addition to on-site retail, residents will be a brief stroll to well loved shopping and restaurants, including Chick-fil-A, Subway, and McDonald’s.
Landmark Urban Construction will serve as 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.

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TAMPA, FL – Middleburg Communities announced it closed on two land parcels totaling 49 acres adjacent to Friendly Way located off of FL-54 in Wesley Chapel, Florida, a submarket of Tampa. Leveraging its in-house construction capabilities, Middleburg plans to develop two residential communities: Mosby Avalon Park, a 338-unit traditional apartment community, and Hamlet Avalon Park, a build-to-rent community with 260 single-family homes, duplexes and townhomes. Construction will commence immediately on the Mosby component while Hamlet Avalon Park is plotted as a future phase.
“These projects in Wesley Chapel represent our largest development investment to date and our fifth acquisition in Florida during the past year. We re grateful for our investment partners and Synovus Bank for having confidence in our ability to do. Our development and construction teams are keen to get started in earnest and we look forward to our grand opening next year.
The convenient location of the community, approximately 30 minutes from downtown Tampa, offers exceptional access to job centers and regional demand drivers. Mosby and Hamlet Avalon Park are part of the Avalon Park Wesley Chapel master-plotted community, which is situated on over 1,600-acres and is entitled for 4,800 residences units and 500,000 SF of retail and commercial space, much of which has already been delivered or is currently under construction.
Mosby Avalon Park will feature one, two and three-bedroom units in four-tale elevator-served buildings with quartz countertops, stainless steel appliances, and luxury vinyl plank flooring. Amenities include a resort-style pool, fitness center, dog park, and pet spa.
Hamlet Avalon Park will offer one, two, and three-bedroom floorplans with a mix of cottages, duplexes, and townhomes, each with private entries, patios, and yard space and attached garages in select units. Interiors will feature quartz countertops, stainless steel appliances, and luxury vinyl plank flooring and the community will include numerous neighborhood parks and green space, a resort-style pool, fitness center, dog park, and pet spa.
Mosby Avalon Park and Hamlet Avalon Park are Middleburg s first entrance into the Tampa Metropolitan Statistical Area (MSA), one of the fastest growing markets in the country. Middleburg s growing Florida portfolio includes three assets in Orlando – Mosby Citrus Ridge, a 300-unit Class A multifamily community currently under construction, Indigo Champions Ridge, a 300-unit Class A multifamily community currently in lease-up, and The Baldwin, a 270-unit Class A multifamily community – and one asset in Yulee, Hamlet Wildlight, a 250-unit Class A built-for-rent community currently under construction.

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RALEIGH, NC – Capital Square, one of the nation’s leading sponsors of tax-advantaged real estate investments and an active developer of multifamily communities, announced the acquisition of Ashford Townes, a 74-unit newly constructed build-for-rent townhome community in the affluent Raleigh suburb of Fuquay-Varina, North Carolina. The community was bought on behalf of CS1031 Ashford Townes BFR Housing, DST.
Capital Square formed the Private Equity Group managed by experienced real estate executives, Dave Platter and Jon Trott, as managing directors and co-heads, to profit from opportunities in the housing market, including a dedicated build-for-rent (“BFR”) strategy in high growth sunbelt markets. This represents Capital Square’s third BFR offering on platform to date.
“With a housing shortage of over four million units, Capital Square believes build-for-rent (BFR) housing solutions provide the U.S. with a vital supply of new housing stock,” said Louis Rogers, founder and chief executive officer. “These professionally managed and highly amenitized communities are desirable for providing the benefits of single-family living without the associated costs of ownership. Our BFR strategy is complementary with the existing multifamily business — Capital Square will continue to thoughtfully buy and develop multifamily communities throughout the Southeast and Texas in the years to come.”
Located at 604 Oakbrook Pass Way, construction of Ashford Townes was completed in February 2022. Developed by D.R. Horton, the nation’s largest homebuilder by volume, the modern units boast three-bedroom, open floorplans averaging 1,693 square feet with integrated smart-home technology, stainless steel appliances, quartz countertops, high vaulted ceilings, built-in window blinds, spacious walk-in closets, full size washer-dryers, attached one-car garages, private patios and outdoor storage. A community dog park is additionally contemplated for development.
Ashford Townes is one of just five single-family or townhome purpose-built rental communities of institutional quality currently available within the Greater Raleigh area. The property is approximately 30 minutes south of Research Triangle Park, the largest research park in the U.S. and a premier global innovation center. Its 7,000 acres encompass the Raleigh-Durham-Cary combined statistical area and boasts a diverse, innovation-based economy anchored by world-class universities and hundreds of companies, including science and technology firms, government agencies, academic institutions, startups and nonprofits.
The property offers residents efficient commutes to over 130,000 jobs and a five-minute drive to local retailers, restaurants, breweries, fitness centers and top performing schools. Resident area household incomes average $106,500, with leading employers including the University of North Carolina at Chapel Hill, Novartis, IQVIA, JLL and Duke Energy. The Fuquay-Varina submarket experienced approximately 13% rent growth in 2022 while the Raleigh-Durham area experienced rent growth of approximately 15%. Rents are forecasted to grow an average of 3.5% each year for the next five years in the Fuquay-Varina submarket and 3.75% in Raleigh-Durham.
“The Research Triangle region welcomed more than 900,000 new residents between 2000 and 2017, and a declining inventory of high-quality land sites, competition from multifamily developers and supply chain disruptions have resulted in limited deliveries of rental communities to the region,” said Whitson Huffman, co-chief executive officer. “Ashford Townes offers a convenient, reliable and spacious housing option amidst the least affordable single-family for-sale market that the Raleigh area has experienced in decades.”

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