The Retreat communities are low-density developments designed as cottages. Each cottage offers private bathrooms for every bedroom, spacious closets, a gourmet kitchen and an expansive living room.

The Retreat cottages also offer craftsman-style details such as built in bookcases, crown molding, modern appliances and full-size washers and dryers. A typical Retreat community also offers a large social clubhouse with a resort-style pool, a stadium-seating movie theater, a state-of-the-art cyber-cafe, a health club-quality fitness center, technology-rich clubrooms, and on-site security.

“Students love this cottage concept, and parents love it as well,” Thompson says. “And, because these projects outperform in all their markets, lenders really like the concept too.”

Thompson says it’s fairly difficult to finance new student housing construction; however, the Landmark/Harrison Street partnership has strong lender relationships including one with Wells Fargo Bank, which has already committed to provide construction debt for The Retreat Lubbock.

“Based on current and projected enrollment numbers at Texas Tech, the demand that we’ve seen for our product in similar settings, and Lubbock’s strong rental and occupancy rates, we felt it was the perfect time to bring our Retreat brand to the market,” says Wes Rogers, president and CEO of Landmark Properties. “We believe students in Lubbock and in other select university markets want a high-quality, amenity-rich place to live.”

Located only minutes from Texas Tech University, with a student enrollment totaling 30,000, The Retreat Lubbock will offer a mix of two, three, four and five-bedroom cottages featuring high-quality finishes, resort-style amenities and spacious units averaging almost 1,800 square feet.

Collegiate Construction, an affiliate of Landmark Properties, will oversee construction on The Retreat Lubbock, just as it has in Tuscaloosa and Knoxville.