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The California manager funded loans across New York, Washington, DC, Florida and Arizona through July and August.
The Chicago-based investment manager and alternative lender believes these properties could be part of the long-term solution to the US housing crisis.
Landmark Properties is seeing a diverse and growing lender pool for the properties in its student housing pipeline.
Student housing lenders see a bright outlook for the sector, but are cautious about the potential for spread compression as the sector becomes more popular with institutional investors.
The outside facade of a student housing asset at night.
The fixed-rate financing will back acquisition of five US student housing assets.
Austin Texas
The Austin manager focuses on first mortgages, B-notes, mezzanine and preferred equity in the $2m to $40m range.
The Dutch bank will look at more green lending opportunities in sectors such as multifamily, student housing, logistics, retail and life sciences.
CEO Al Rabil says a heavier tilt toward direct origination will be a priority during its deployment.
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