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Landmark Properties, in partnership with Silverpeak Real Estate Partners and Peninsula Investments, has acquired a Fort Collins, Colo. development site located at 255 Johnson Drive in Midtown. At the site, the partners plan to develop The Mark Fort Collins, a 397-bed student housing community located roughly one mile from Colorado State University. TSB Capital Advisors coordinated the project’s financing.

In a prepared statement, a Landmark official said issues faced by the site’s previous developer had stalled the project. Landmark renewed the previous approvals, undertook detailed inspections of the site’s existing improvements and materials and picked up the project to move it towards completion.