Middleburg, Landmark announce land buys

Core Insights - Despite sluggish apartment sales, the land market remains liquid, as evidenced by two recent deals involving Landmark Properties and Middleburg Communities [1][5] Group 1: Landmark Properties - Landmark Properties, in partnership with Manulife Investment Management, acquired a 3.29-acre site in Auburn, Alabama, to develop The Mark Auburn, an 825-bed student housing property [1][2] - The project will consist of 329 units, ranging from studios to five-bedroom apartments, and is expected to open by the fall 2028 academic year [3] - The acquisition involved negotiating a four-parcel site across two zoning areas, allowing for increased density and differentiation from similar properties in the area [4] Group 2: Middleburg Communities - Middleburg Communities closed on land and construction financing for Mosby Deerbrook, a 330-unit luxury apartment community in Spring Hill, Florida [5] - The property will include 113 one-bedroom, 182 two-bedroom, and 35 three-bedroom apartments, with construction expected to commence imminently and first units delivering in early 2027 [5] - The chosen location offers wetland views and proximity to a cancer research park, which was deemed more valuable than marginally cheaper alternatives [6][7]