Landmark Properties Acquires The Ridge Clemson

Top Student Housing Company Adds 616 Beds to Portfolio

ATHENS, Ga. (November 13, 2024) - Landmark Properties, a fully-integrated real estate firm specializing in the development, construction, acquisition, investment management, and operation of high-quality residential communities, has acquired The Ridge Clemson, a 616-bed, 184-unit student housing community at 205 Tiliwa Court near Clemson University in South Carolina. TSB Capital Advisors coordinated the acquisition financing.

Built in 2018, the Class A property contains a mix of two-bedroom apartments in a midrise building and four-bedroom townhomes complete with private, attached two-car garages. The Ridge Clemson, which is 97% occupied for the Fall 2024 term, sits two miles from Clemson University.

"Given our history of success in Clemson coupled with the university's continued enrollment growth, we are excited to add The Ridge Clemson to our portfolio further expanding Landmark's footprint in the market," said JD Goering, Senior Vice President at Landmark Properties.

Units at The Ridge Clemson come fully furnished, offering students in-unit laundry and high-end finishes such as LVT flooring throughout, granite countertops, stainless steel appliances, and wood cabinetry. The asset's centralized amenity set includes a resort-style pool, lazy river, oversized hot tub, 20-foot jumbotron, clubhouse, full basketball court, dog park, 24-hour fitness center, study lounges, a coffee bar and onsite resident parking.

About Landmark Properties

Headquartered in Athens, Ga., with an office in Atlanta, Landmark Properties is a fully integrated real estate firm, specializing in the acquisition, development, and management of high-quality residential communities. With over $14 billion AUM, Landmark's portfolio includes over 115 residential communities across the country with 72,000 beds under management. Additionally, Landmark benefits from an active development pipeline with 23 student and multifamily projects under construction or near term start with an estimated value of over $5 billion. Landmark's mission is to be the leader in development, construction, operations, and investment management of high-quality residential communities, delivering unrivaled service and experience to our residents, partners, and employees. For more information, visit www.landmarkproperties.com.

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Media Contacts:

Landmark Properties/Landmark Construction

Great Ink Communications - (212) 741-2977

Lindsay Church, Sara Williams

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