TSB Capital Advisors Arranges Financing for Landmark Properties' 1,288-Bed Student Housing Acquisition in Lubbock
Landmark Properties, an Athens, Georgia-based real estate firm, has expanded its Texas student housing footprint with the acquisition of two residential communities near Texas Tech University in Lubbock, with TSB Capital Advisors arranging financing for the transaction. The acquisition of The Bloc and Park East adds 1,288 beds across 359 units to Landmark's portfolio, the company announced.
Property Details: The Bloc and Park East
The two communities are located in Lubbock's Overton Park neighborhood, each within one mile of the Texas Tech campus. The Bloc, built in 2017, is a 10-building mid-rise community at 707 Avenue T, situated 0.6 miles from campus. It offers 556 beds across 140 units in three- and four-bedroom configurations. The property is the only student housing community in Lubbock with a rooftop amenity lounge, which includes a resort-style pool, sundeck, cabanas, grilling areas, and firepits. Additional amenities include a fitness center, computer and study lounge, a social gathering area, and a parking garage accommodating up to 448 vehicles.
Park East, built in 2016, is a two-building mid-rise at 1819 Glenna Goodacre Boulevard, 0.8 miles from campus. The property contains 732 beds across 219 units in two- and four-bedroom floor plans. Amenities include a 24-hour coffee bar, resident lounge, study rooms, a fitness center, a resort-style pool, grilling areas, a firepit, bocce ball and sand volleyball courts, and a putting green. An onsite parking garage serves up to 635 vehicles. The Citibus Route 45 stops at both properties, providing public transit access to campus.
All units at both properties are fully furnished and include in-unit laundry, stainless steel appliances, quartz countertops, and high-speed internet and cable wiring. Both communities are within walking distance of dining, retail, and entertainment destinations along Glenna Goodacre Boulevard and Avenue Q.
Financing and Transaction Roles
TSB Capital Advisors served as the capital markets broker, arranging acquisition financing for the deal. Financial terms, including the loan amount, loan type, and purchase price, were not disclosed.
"The Bloc and Park East are each valuable additions to Landmark's student housing portfolio in Texas, and we are pleased to return to the Lubbock market," said JD Goering, Senior Vice President of Acquisitions at Landmark Properties. "The properties are well-maintained and centrally located, with unique floor plans and sought-after amenities, making them a top option for the large population of Texas Tech students that rely on off-campus housing."
Landmark Properties
Landmark Properties describes itself as a fully integrated real estate firm specializing in development, construction, investment management, and operation of residential communities. The Lubbock acquisition marks a return to the market for the firm, which has an existing presence in Texas student housing. The transaction was announced in early March 2026.
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