J. Wesley Rodgers JD Goering And Terry Fancher Acquire Student Housing Near USC For $100M

The transaction involved the sale of a student housing asset located at 3584 South Figueroa Street and 530 West 27th Street, in the Los Angeles market. The property encompasses a total of 218 units and offers 704 beds for student accommodation. The total sale price for this off-market deal was $100,000,000, resulting in a price per unit of $458,716.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $100,000,000
• Units: 218
• Beds: 704
• Buyer: J. Wesley Rodgers & JD Goering - Landmark Properties; Terry Fancher - Stockbridge Capital Group

This acquisition boosts Landmark Properties' student housing presence in Los Angeles to nearly 2,200 beds, with additional projects in development to address increasing off-campus housing demands for students.