<body><div><h2>Totaling 656 beds, the community will come online for the 2028 academic year.</h2><p>A joint venture between Landmark Properties and an affiliate of Paceline Equity Partners will develop The Standard at Kennesaw, a 656-bed student housing project serving Kennesaw State University. Construction on the Kennesaw, Ga., community is set to begin immediately.</p><p>Partners on the project include Niles Bolston Associates as architect and Eberly &amp; Associates as structural engineer, while Landmark Construction is the in-house general contractor. Completion is scheduled in time for the 2028-2029 academic year.</p><p>The mid-rise will take shape at 112 Townpark Drive, about 1 mile from the Kennesaw State University campus and 2 miles from Fifth Third Stadium. The city center is 4 miles from the project.</p><p>The building will rise five stories and have 157 units ranging from studio to six-bedroom floorplans. The community is the area’s first new student property developed in almost five years, Landmark Chief Development Officer Jason Doornbos said in prepared remarks.</p><p>Additionally, the project will have the largest amenity package in the Kennesaw market, spanning more than 11,000 square feet. This will include a rooftop swimming pool deck with a Jumbotron, grilling area, clubhouse, fitness center, sauna and golf simulator, along with open-air courtyards and firepits.</p><p>The community will have a study lounge with a café, a bike storage rack and 559 parking spaces. Students will also have a shuttle bus available that will take them to and from campus.</p><p>Preleasing across Yardi 200 universities reached 78 percent in May for the upcoming academic year, according to a Yardi Matrix student housing report. That level was 140 basis points above the same point last year. Additionally, the average advertised asking rent rose to $933 per bed, up 0.2 percent from April and 1.7 percent year-over-year.</p><h2>Landmark’s recent student housing ventures</h2><p>This marks Landmark’s second student housing development in the market. In 2021, the company completed The Retreat at Kennesaw, a 681-bed community that sold last year as part of a portfolio transaction.</p><p>Landmark’s portfolio includes more than 115 residential communities with 74,000 beds under management. Additionally, the firm has north of 50 student and multifamily projects underway, including The Retreat at Boone, a 625-bed student development in Boone, N.C., that broke ground earlier this month.</p><p>Earlier this year, Landmark closed Landmark Sponsor Fund LP, a $300 million investment vehicle targeting student housing development. The fund surpassed its initial $200 million goal and drew commitments from investors including insurance companies, pension funds and registered investment advisors.</p></div></body>

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Totaling 656 beds, the community will come online for the 2028 academic year. A joint venture between Landmark Properties and an affiliate of Paceline Equity Partners will develop The Standard at Kennesaw, a 656-bed student housing project serving Kennesaw State University. Construction on the Kennesaw, Ga., community is set to begin immediately.

Landmark JV to Develop Atlanta Student Project

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Totaling 656 beds, the community will come online for the 2028 academic year. A joint venture between Landmark Properties and an affiliate of Paceline Equi

Landmark JV to Develop Atlanta Student Project

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