Johnson City, Tenn. — Transwestern Real Estate Services has arranged the $26.3 million sale of Monarch 815, a 576-bed student housing property located at 1109 University Parkway near the East Tennessee State University campus in Johnson City. Mike McGaughy, Jon Kleinberg and Bradley Fulkerson of the firm’s National Student Housing team represented the seller, 1109 University Parkway Holdings, in the disposition. Logen Capital acquired the property via commercial real estate auction platform RI Marketplace. Built in 2014, the community consists of four residential buildings offering 176 fully furnished units. Shared amenities …
Tennessee
Muinzer, Kayne Anderson Recapitalize 1,356-Bed Student Housing Portfolio Near University of Tennessee
Knoxville, Tenn. — Private equity investment firm Muinzer has partnered with Kayne Anderson Real Estate to recapitalize a two-property student housing portfolio near the University of Tennessee in Knoxville. The 1,356-bed portfolio, which includes The Heights of Knoxville and University Park, was fully occupied at the time of the transaction. Scott Clifton, Kevin Kazlow and Teddy Leatherman of JLL arranged the recapitalization. Los Angeles-based Muinzer originally acquired the two student housing properties in 2021 in a partnership with T2 Capital Management. Further details of the company’s recapitalization with Kayne Anderson …
Preiss, FD Stonewater to Break Ground on Two Developments in North Carolina, Tennessee
Raleigh, N.C. and Knoxville, Tenn. — A joint venture between The Preiss Co. and FD Stonewater has acquired sites for two student housing developments in North Carolina and Tennessee. Projects will include Signature on Grand, located near the University of Tennessee in Knoxville; and Signature on Varsity, which will serve students attending North Carolina State University in Raleigh. The communities will offer over 1,200 beds in studio through five-bedroom configurations. Shared amenities will include resort-style pools, state-of-the-art fitness centers, study lounges and social spaces. The communities will be developed in partnership with …
BWE Secures $47 Million Refinancing for Lakemoor Station Near the University of Tennessee
Knoxville, Tenn. — BWE has secured a $47 million refinancing for Lakemoor Station, a 240-unit student housing community located near the University of Tennessee campus in Knoxville. Jim Collins of BWE worked on behalf of the borrower, Dominion Group, to secure the 10-year, fixed-term financing through Nationwide Insurance. The loan features a 30-year amortization schedule. The University of Tennessee has master leased the property for five years with a three-year renewal option. The garden-style community offers fully furnished units alongside shared amenities including an outdoor pool, lounge area, fitness center and …
Annex Group Breaks Ground on 542-Bed Student Housing Community at University of Memphis
Memphis, Tenn. — The Annex Group has broken ground on a new, 542-bed student housing community at the University of Memphis. Situated within the Park Avenue Campus, the property will feature studio, two- and four-bedroom units, as well as study spaces, social spaces, outdoor living areas and grab-and-go dining options. The opening is scheduled for fall 2026. This marks The Annex Group’s second student housing community in the Memphis market.
Knoxville, Tenn. — A joint venture between Core Spaces and Schenk Realty has announced plans for an 800-bed student housing development located near the University of Tennessee campus in Knoxville. Located at 1801 Cumberland Ave., the community will rise seven stories and offer 215 units in studio through five-bedroom configurations. Shared amenities will include a rooftop swimming pool, hot tub and sun deck, as well as ground floor retail. Construction on the project is set to begin in spring 2025. The joint venture partnership is currently developing Hub Knoxville, a 2,000-bed development …
Subtext Breaks Ground on 498-Bed Student Housing Property Near the University of Tennessee
Knoxville, Tenn. — Subtext has broken ground on VERVE Knoxville, a 498-bed student housing development located at 1919 Lake Ave. near the University of Tennessee campus in Knoxville. The community will span 329,294 square feet, including nine floors of residential space and a five-level parking garage. The development will offer 136 fully furnished units in one-, two-, three- and four-bedroom configurations. Shared amenities will include a wellness suite with sauna and meditation rooms; state-of-the-art fitness center and yoga studio; study pods and open study lounges; a pool terrace; and rooftop deck …
Juneau Construction Tops Out 1,600-Bed Student Housing Project Near University of Tennessee
Knoxville, Tenn. — Juneau Construction has topped out Hub Knoxville, a student housing development near the University of Tennessee that will comprise two 10-story towers and a seven-story building. The co-developers, Core Spaces and Schenk Realty Group, broke ground on the project in February 2023 and secured $233 million in construction financing last summer. Upon completion, the 1,600-bed community will feature 30,000 square feet of retail space, 23,000 square feet of indoor amenities and a 19,000-square-foot rooftop terrace that features a pool, basketball court and hot tub. The design-build team …
Cobblestone Development Plans 719-Bed Student Housing Community Near Tennessee State University
Nashville, Tenn. — Cobblestone Development & Consulting has announced plans for a 719-bed student housing community located across from the Tennessee State University campus in Nashville. The Industrial Development Board has approved the issuance of $180 million in bond financing for construction of the community, dubbed Cobblestone Village Residence, which will feature two buildings offering 155 units. The 280,000-square-foot development will offer units in three-, four- and five-bedroom configurations. Construction is expected to begin in June with completion planned for fall 2026. The development team for the project includes Lamar Johnson …
Villas Student Housing, Student Quarters Break Ground on 605-Bed Community Near University of Tennessee
Knoxville, Tenn. — A partnership between Villas Student Housing and Student Quarters has broken ground on a 605-bed student housing development across from the University of Tennessee campus in Knoxville. The 235,000-square-foot community will be located at the intersection of 1425 Rocky Shore Lane and 1440 Cityview Lane. The property will offer units in studio through five-bedroom configurations across two six-story buildings. Shared amenities will include a resort-style swimming pool, basketball court, state-of-the-art fitness center and study spaces. The design-build team for the project includes Rhode Partners, Southern Building Group, …