Exciting New Student Housing Developments at Penn State and UConn
On September 29, 2025, a noteworthy partnership was announced between Liberty Mutual Investments (LMI) and Landmark Properties, marking a significant milestone in student housing. The joint venture aims to develop two impressive projects: The Mark State College at Pennsylvania State University and The Mark Mansfield at the University of Connecticut (UConn). Together, they will provide a total of 1,255 purpose-built student housing beds designed to meet the needs of today’s university students.
Background of the Partnership
Liberty Mutual Investments is the investment arm of Liberty Mutual Group, known for its large-scale investment strategies. Landmark Properties, on the other hand, is a fully integrated real estate firm with more than two decades of experience specializing in the development, construction, and management of high-quality communities. This partnership leverages LMI’s robust portfolio—around 17,000 beds across various universities—along with Landmark’s vast expertise in student housing development.
Strategic Locations
The chosen sites for these developments are strategically located adjacent to the core campuses of Penn State and UConn. The Mark State College will rise on East College Avenue, just steps away from the bustling heart of Penn State, while The Mark Mansfield will take root at the intersection of North Eagleville Road and Ledoyt Road, ideally situated for UConn students. This proximity is expected to enhance the appeal of both housing projects, offering students easy access to university life.
The Mark State College
This ambitious 12-story building will accommodate 515 beds specifically designed for Penn State students. Featuring modern amenities, The Mark State College aims to offer an engaging student lifestyle. Highlights include:
- Skydeck and Rooftop Pool: An oasis with breathtaking campus views.
- Fitness and Wellness Facilities: A modern fitness center with a sauna, along with a study lounge that doubles as a café and computer lab.
- Entertainment Spaces: A sports simulator area and a clubhouse with grilling stations and fire pits, designed to foster social interactions among residents.
This is LMI’s third investment in the Penn State market, underscoring their commitment to developing quality housing in high-demand areas.
The Mark Mansfield
Meanwhile, The Mark Mansfield will be a 9-story living space for 740 UConn students in Storrs, CT—a market recognized for its housing supply constraints. The development promises amenities that cater to both academic and recreational needs, such as:
- State-of-the-Art Fitness Center: A well-equipped space to help students maintain an active lifestyle.
- Cozy and Inviting Common Areas: A gaming lounge, study lounge, and computer lab will be available to support a range of social and academic activities.
- Bicycle Parking: Addressing sustainability, ample bike parking will encourage eco-friendly transport choices.
Vision for Future Developments
The collaboration between LMI and Landmark represents a shared vision to enhance the living conditions for students while simultaneously alleviating the pressure on local housing markets. Christopher Finn, Managing Director and Head of Real Estate at Liberty Mutual Investments, expressed enthusiasm about this venture: “These properties represent exceptional opportunities to deliver premier off-campus student housing at thriving universities.”
Walt Templin, President and Chief Investment Officer of Landmark Properties, echoed this sentiment, emphasizing their mutual objective of creating superior housing options that help students excel academically.
Financial Backing and Future Potential
Financing for these developments has been facilitated by TSB Capital Advisors, ensuring that both projects receive the financial support necessary to thrive. Moreover, LMI’s investment strategy, which encompasses more than $100 billion in long-term capital globally, positions these developments as part of a broader commitment to invest in high-quality real estate opportunities.
As these projects take shape, they are poised not just to provide roofs over students’ heads but to contribute to vibrant, supportive communities that promote academic success and well-being. The Mark State College and The Mark Mansfield will set a benchmark for student living, merging modern design with essential amenities to create a holistic living experience.