
Fully integrated real estate firm Landmark Properties is slated to build its first student housing community near the University of Southern California (USC). This is the second student housing development for the firm in Los Angeles, after it started construction last year on The Mark at Los Angeles, a 166-bedroom community adjacent to UCLA.
According to Landmark, the new 435-unit community, which is slated to start construction by the end of the year, will be one of the largest purpose-built student housing developments at USC. While plans are still underway, Landmark is expected to deliver more than 1,500 beds in time for the fall 2026 semester.
“We are excited to break ground on our first project at USC,” said 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 luxury off-campus living options steps from campus.”
The site, which is at the corner of West 39th and South Figueroa streets in Los Angeles’ New Ninth District, was acquired from Ventus Group, a mixed-use developer based in Orange County. Newmark’s U.S. Capital Markets team brokered the site acquisition.
“This was a complex land assemblage and entitlement process that our team worked on for many years to create 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 big impact.”
The community, which will be built by general contractor Landmark Urban Construction, will offer floor plans ranging between studios and five-bedrooms. In addition, 87 units will be reserved for those identified at the low-income level or below.
Interiors will feature a gourmet-style kitchen with ample cabinet space, quartz countertops, and stainless steel appliances. Each residence also comes fully furnished with washers and dryers as well as technology amenities in the common living areas. High-speed internet and cable will be included with rent. In addition, residents will be able to enjoy rooftop outdoor amenity spaces, such as a resort-style pool and a grilling area, and will have 24-hour access to a fitness center, a lounge, and a computer lab.
Landmark’s portfolio comprises almost 100 residential communities across the nation with nearly 65,000 beds under management. It has an active development pipeline with 22 student and multifamily projects with an estimated value of $4.4 billion under construction.