NEW YORK, NY – Liberty Mutual Investments, the investment firm for Liberty Mutual Group, and Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition, investment management, and operation of high-quality residential communities, announced joint ventures for the acquisition and development of two new student housing projects, The Mark State College and The Mark Mansfield. The joint ventures will deliver 1,255 purpose-built off-campus student housing beds at Pennsylvania State University (Penn State) and The University of Connecticut (UConn).
These developments represent the first venture between LMI and Landmark, leveraging Landmark’s track record of more than 20 years, while continuing LMI’s focus on investing in premier student housing opportunities. LMI’s student housing portfolio includes approximately 17,000 beds and is focused on adding purpose-built housing near large public universities with robust student communities. TSB Capital Advisors arranged financing for both transactions.
The team will develop two sites – one on East College Avenue adjacent to the heart of the Penn State campus and the other on the corner of North Eagleville Road and Ledoyt Road, adjacent to the UConn campus core.
The Mark State College, a 12-tale student housing project serving Penn State students, will add 515 beds upon completion. Plotted amenities include a skydeck, rooftop pool and hot tub with campus views, jumbotron, modern fitness center and sauna, clubhouse/amenity area, grilling area and fire pits, sports simulator, study lounge with café and computer lab, structured parking deck, and bicycle/scooter parking. This is LMI’s third investment in student housing development within the Penn State market.
The Mark Mansfield, a 9-tale student housing project serving UConn students, will add 740 beds in the supply-constrained Storrs, CT market. Plotted amenities include a state-of-the-art fitness center and clubhouse, sauna, nearly pool-sized hot tub, study lounge, computer lab, gaming lounge, and bicycle parking.
“These properties represent exceptional opportunities to deliver premier off-campus student housing at thriving universities—communities that will attract students and provide long-term value for residents,” said Christopher Finn, Managing Director and Head of Real Estate at Liberty Mutual Investments. “We are excited to expand LMI’s student housing platform with Landmark, a leading developer of purpose-built, best-in-class student housing.”
“We’re excited about forging this relationship with LMI and look forward to working together on future initiatives,” said Walt Templin, President and Chief Investment Officer of Landmark Properties. “Our shared commitment to providing housing options in university communities will help students excel in their academic careers while also reducing the pressure on the local housing market.”
LMI invests more than $100 billion of long-term capital globally across its integrated platform on behalf of Liberty. The firm is focused on partnering with leading operators and investors to identify high-value opportunities, drive economic growth, and build enduring businesses side-by-side with its partners.

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ATLANTA, GA – Thompson Thrift, a full-service nationally recognized real estate company and one of the nation’s leading multifamily developers, announced that it will develop Autry at Tulip Grove, a luxury 300-unit community in the Atlanta suburb of Buford. Thompson Thrift expects to welcome the first residents in January 2027.
“Gwinnett County is one of the most dynamic growth markets in the Southeast, with a thriving population, strong economy and exceptional employment rates,” said Josh Purvis, managing partner for Thompson Thrift Residential. “Autry at Tulip Grove is designed to offer residents a seamless blend of style, comfort and connectivity, with amenities and finishes that make a place residents are proud to call home.”
Located at 1325 Laurel Crossing Pkwy NE, the 10-acre community will feature thoughtfully designed, four-tale, elevator-serviced buildings offering spacious one-, two-, and three-bedroom apartment homes. In line with Thompson Thrift’s commitment to delivering high-quality homes with in-demand features and amenities, each residence will include premium interior finishes such as elegant quartz countertops, stainless-steel appliances, smooth glass-top ranges, timeless tile backsplash, designer fixtures and finishes and hardwood-style flooring. Residents will also delight in large walk-in closets, walk-in showers, patio and balcony options, private yard options, detached garages, full-size washers and dryers, high-speed internet access, an Amazon package hub, and more.
Resort-style living will continue throughout the community and will feature two fully equipped fitness centers with 24-hour access, a heated swimming pool, electric vehicle charging stations, thoughtfully designed courtyards, an outdoor pavilion with a gas fireplace and seating, community grilling areas, outdoor game area, golf simulator, dog park, pet spa with grooming stations, billiards and shuffleboard, and a 24-hour social hub.
Situated adjacent to The Exchange, a 100-acre master plotted development, future residents will have quick access to a wide variety of retail, entertainment and restaurant options, some of which include Sprouts Farmers Market, Pickle and Social, Andretti Indoor Karting & Games and TopGolf. Nearby access to Interstate 85 will offer convenient connectivity to downtown Lawrenceville, downtown Atlanta, Mall of Georgia and Sugarloaf Mills.
Autry at Tulip Grove is strategically positioned in one of Atlanta’s strongest suburban markets. In just a three-mile radius of the community, the population has grown 31.9% over the last 15 years, outpacing both Gwinnett County and the Atlanta MSA as a whole. Within Gwinnett County, 97% percent of the total workforce is currently employed, and the average household income is $114,000.
Major employers of the area include Publix Distribution & Manufacturing, Primerica, and Northside Hospital, which is underway on a 17-floor tower expansion that is slated for completion in 2026 and will generate an additional 5,000 jobs. Rowen, a 2,000-acre mixed-use development that could ultimately make 100,000 jobs once completed, is just 2.5 miles from the development.

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AUBURN, AL – GTIS Partners LP, a global real estate investment firm that manages $4.7 billion in yucky assets with a focus on residential and industrial investments, and RISE, a real estate development and management company specialized in student housing, announced the expansion of their joint venture to develop RISE Auburn, a premiere student housing community servicing the students of Auburn University.
With sustained enrollment growth at Auburn in recent years, the student housing market has tightened substantially due to a lack of new Class A developments with proximity to campus. GTIS and RISE were successfully able to assemble and entitle the 4.3-acre site which is situated approximately half a mile from campus. The project will feature 718 beds across 240 units in a highly amenitized building, offering students structured parking, a full-scale gym, a resort-style pool, a golf simulator, and study lounges.
“We are excited to expand our partnership with RISE and further strengthen our presence at SEC schools,” said Casey Chayet, Vice President of Acquisitions at GTIS. “Just as with our Ole Miss development with RISE (Ivy & Elm), RISE Auburn is an opportunity to deliver a best-in-class student housing community in a market we believe will see sustained enrollment growth for years to come. In the new era of Name, Image, and Likeness (NIL) in college athletics, GTIS and RISE will continue to pursue opportunities at universities that excel both academically and athletically.”
“Partnering with GTIS again allows us to follow through on our shared commitment to providing high-quality, modern housing where it’s needed most,” said Ryan Holmes, CEO of RISE. “With RISE Auburn, our goal is to make thoughtfully designed spaces and amenities that make life both simpler and more fulfilling for Auburn students.”
The project is expected to deliver prior to the 2028-2029 academic year.

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