The Customary at 4 Corners delivers 890 beds August 2025 close to College of Connecticut
ATHENS, Ga., Dec. 19, 2022 /PRNewswire/ — Landmark Properties, a fully-integrated actual property agency specializing in improvement, development, funding administration, and operation of high-quality residential communities, has fashioned a brand new build-to-core three way partnership with Manulife Funding Administration. The partnership will give attention to creating and working residential properties in focused markets all through the US and has pre-identified a number of potential improvement alternatives, with the primary being The Customary at 4 Corners, an 890-bed challenge on the College of Connecticut positioned in Storrs.
“Landmark is worked up to associate with Manulife Funding Administration on the event of The Customary at 4 Corners,” mentioned Landmark President and CEO, Wes Rogers. “This represents the primary funding in our new build-to-core enterprise with Manulife Funding Administration. Landmark continues to draw institutional capital to the coed housing house as a result of our observe report of success, vertical integration, and out-performance throughout difficult financial occasions.”
Situated at 1717 Storrs Street, The Customary at 4 Corners shall be prepared for occupancy in August 2025 and provides a number of distinct floorplans starting from studios to three-bedroom. The design of those models, facilities featured, and the privateness the layouts provide are distinctive to Storrs and can appeal to consideration from potential residents when weighing choices amongst comparable properties. The property’s pedestrian entry will make strategy to each the campus core and downtown Storrs for residents.
“Manulife Funding Administration is proud to associate with Landmark Properties, who we view to be best-in-class within the pupil housing sector, leveraging their expertise throughout the US to collectively develop a premier portfolio of belongings,” mentioned Edward Dunn, managing director, Infrastructure Investments at Manulife Funding Administration. “We consider the coed housing sector represents a compelling funding alternative underpinned by engaging provide/demand dynamics and robust historic efficiency.”
Every residence at The Customary at 4 Corners supplies a gourmet-style kitchen with ample cupboard house, quartz counter tops and stainless-steel home equipment. Each residence is totally furnished, provides hardwood-style flooring, and consists of know-how associated facilities within the widespread space, high-speed web and cable.
Moreover, residents can entry 24-hour research lounges, health middle and pc lab. The resort-style amenity areas add further alternatives for recreation and socialization with a gaming lounge, heated pool, scorching tub, and fireplace pits. For residents with autos, a deck provides parking for an extra price.
The event additionally options 14,500-square-feet of ground-floor retail house. Landmark Development will function basic contractor all through the challenge.
In accordance with CollegeSimply, the College of Connecticut is ranked as the most effective public college within the New England area.
With over $10 billion belongings beneath administration, Landmark’s portfolio consists of virtually 100 residential communities throughout the nation with roughly 60,000 beds. Landmark at present has 21 pupil, BTR, and multifamily initiatives beneath development with an estimated worth at $3.7 billion, and a major and rising improvement pipeline.
About Landmark Properties
Headquartered in Athens, Ga., with an workplace in Atlanta, Landmark Properties is a completely built-in actual property agency, specializing within the acquisition, improvement, and administration of high-quality residential communities. With greater than $10 billion belongings beneath administration, Landmark’s portfolio consists of almost 100 residential communities throughout the nation with greater than 60,000 beds beneath administration. Moreover, Landmark advantages from an energetic improvement pipeline with 21 pupil and multifamily initiatives beneath development with an estimated worth at $3.7 billion. Landmark’s mission is to be the chief in improvement, development, operations, and funding administration of high-quality residential communities, delivering unequalled service and expertise to our residents, companions, and staff. For extra data, go to www.landmarkproperties.com.
About Manulife Funding Administration
Manulife Funding Administration is the worldwide model for the worldwide wealth and asset administration phase of Manulife Monetary Company. We draw on greater than a century of economic stewardship and the complete assets of our mum or dad firm to serve people, establishments, and retirement plan members worldwide. Headquartered in Toronto, our main capabilities in private and non-private markets are strengthened by an funding footprint that spans 19 geographies. We complement these capabilities by offering entry to a community of unaffiliated asset managers from all over the world. We’re dedicated to investing responsibly throughout our companies. We develop revolutionary world frameworks for sustainable investing, collaboratively have interaction with corporations in our securities portfolios, and keep a excessive normal of stewardship the place we personal and function belongings, and we consider in supporting monetary well-being by our office retirement plans. Right this moment, plan sponsors all over the world depend on our retirement plan administration and funding experience to assist their staff plan for, save for, and dwell a greater retirement. Not all choices can be found in all jurisdictions. For added data, please go to manulifeim.com.
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SOURCE Landmark Properties