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Hub-Knoxville-Student-Housing
DevelopmentFinanceNewsTennessee

Joint Venture Receives $233.3 Million Construction Financing for Hub Knoxville Student Housing Project Near University of Tennessee

by Katie Sloan

Knoxville, Tenn. — Core Spaces, Schenk Realty and Kayne Anderson Real Estate have received $233.3 million in financing for the construction of Hub Knoxville, a 2,000-bed student housing community in downtown Knoxville adjacent to the University of Tennessee campus. According to the development team, this project would be the largest student housing development in Knoxville’s history. Hub Knoxville comprises 600 units across three towers, including two 10-story buildings and one seven-story building. Units come in studio through five-bedroom layouts. The project will also include an estimated 30,000 square feet of …

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DevelopmentNewsTennessee

Landmark Properties, Manulife Investment to Develop 834-Bed Community Near University of Tennessee

by Katie Sloan

Knoxville, Tenn. — A joint venture between Landmark Properties and Manulife Investment Management has announced plans for The Mark Knoxville, an 834-bed student housing project located near the University of Tennessee campus in Knoxville. The community will offer units in a mix of studio through five-bedroom configurations. Shared amenities will include a rooftop pool and jumbotron, 24-hour study lounge, pickle-ball court, clubhouse, state-of-the-art fitness center, fire pits, grilling stations and hammock groves. Construction on the project is scheduled to begin in June with completion planned for August 2025. Landmark Construction …

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303-Flats
Investment SalesNewsTennessee

CBRE Arranges Sale of 433-Bed Community Near University of Tennessee

by Katie Sloan

Knoxville, Tenn. — CBRE has arranged the sale of 303 Flats, a 433-bed student housing community located near the University of Tennessee campus in Knoxville. Jaclyn Fitts, William Vonderfecht, Casey Schaefer and Brett Carr of CBRE represented the seller, Realco Capital Partners, in the disposition of the property to Horizon Realty Advisors. Located at 303 W. Blount Ave., the community was built in 2018 and offers fully furnished units with bed-to-bath parity. Shared amenities include a resort-style swimming pool, fitness center, yoga and stretching studio, individual and group study lounges, …

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RISE-Tenn
DevelopmentNewsOn-campusTennessee

University of Tennessee, RISE Announce Plans to Develop Three Residence Halls

by Katie Sloan

Knoxville, Tenn. — A public-private partnership between the University of Tennessee (UT) and RISE: A Real Estate Co. has announced plans to develop three residence halls on the university’s campus in Knoxville. The three seven-story communities are expected to add 2,500 beds to the university’s housing inventory. Development plans include two communities on Andy Holt Avenue and Caledonia Avenue, which will target first- and second-year students. The projects will offer 750 and 1,100 beds, respectively, in fully furnished, one- and two-bedroom units with en-suite bathrooms. Both buildings will include office …

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TENN
Investment SalesNewsTennessee

CBRE Brokers Sale of 603-Bed Community Near the University of Tennessee

by Katie Sloan

Knoxville, Tenn. — CBRE has brokered the sale of TENN, a 603-bed student housing community located adjacent to the University of Tennessee campus in Knoxville. Jaclyn Fitts, William Vonderfecht, Casey Schaefer and Brett Carr of CBRE represented the seller, Campus Apartments, in the disposition of the property to Schenk Realty. The community was developed in 2018 and is located within Knoxville’s Fort Sanders neighborhood at 1830 Cumberland Ave. TENN offers 140 fully furnished units in three-, four- and five-bedroom configurations. Shared amenities include a two-story clubhouse; swimming pool; courtyard grill …

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Carolina-Creek
Investment SalesNewsNorth CarolinaTennessee

Realco Capital Sells Two Student Housing Communities in Tennessee, North Carolina

by Katie Sloan

Knoxville, Tenn. and Greenville, N.C. — Realco Capital Partners (RCP) has sold two student housing communities totaling 1,350 beds. Dispositions include Quarry Trail, serving students attending the University of Tennessee in Knoxville; and Carolina Creek, located near East Carolina University in Greenville.  Quarry Trail offers a mix of one-, two-, three- and four-bedroom units. Shared amenities at the property include three resort-style swimming pools, a state-of-the-art fitness center, shuttle service to campus, study areas and a dog park.  Carolina Creek offers three-bedroom units with bed-to-bath parity. Shared amenities include a …

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ArkansasIllinoisNewsNorth CarolinaTennesseeTexas

Newmark Brokers Sale of Four-Property Student Housing Portfolio Across Southeast, Illinois

by Katie Sloan

Austin, Texas — Newmark has brokered the sale of a four-property portfolio of mid-rise student housing properties totaling 1,441 beds. The properties are situated adjacent to public universities in the Southeast and Illinois. Ryan Lang, Jack Brett, Ben Harkrider, Tim McKay, Debra Corson, Blake Pera and Dean Smith of Newmark represented the seller, Rael Corp., in the transaction. The sales price and the buyer were not disclosed. The properties include Gather Illinois, which is located near the University of Illinois at 410 North Lincoln Ave. in Urbana, Illinois; Gather Uptown …

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ArkansasInvestment SalesNevadaNewsTennesseeVirginia

University Housing Group Sells Three Communities in Arkansas, Tennessee and Nevada

by Katie Sloan

Roanoke, Va. — University Housing Group (UHG) has sold three student housing communities located in Arkansas, Tennessee and Nevada. The three properties total 1,171 beds and serve students attending the University of Arkansas in Fayetteville; the University of Tennessee in Knoxville; and the University of Nevada, Reno. Providential Student Housing worked on behalf of Roanoke, Virginia-based UHG in the sale of the three communities. The buyer and terms of the transaction were undisclosed. 

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Investment SalesNewsTennessee

Muinzer, T2 Capital Acquire 720-Bed Community Near the University of Tennessee

by Katie Sloan

Knoxville, Tenn. — A joint venture between Muinzer and T2 Capital Management has acquired University Park, a 720-bed student housing community located near the University of Tennessee in Knoxville. Scott Clifton and Chris Carroll of JLL facilitated the off-market transaction. The property offers a mix of two- and four-bedroom, fully furnished units. Shared amenities include a dog park, clubhouse, hammock gardens, grill stations, a business center, resort-style swimming pool, volleyball court, fitness center and cardio room. 

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1540-Place
Investment SalesNewsTennessee

Vesper Holdings Acquires 864-Bed Community Near Middle Tennessee State University

by Katie Sloan

Murfreesboro, Tenn. — Vesper Holdings, alongside funds managed by affiliates of Fortress Investment Group, has acquired 1540 Place, an 864-bed student housing community located near the Middle Tennessee State University campus in Murfreesboro.  The property consists of 11 three-story buildings offering two- and four-bedroom, fully furnished units. Shared amenities include a clubhouse, fitness center, resort-style swimming pool, business center, two tennis courts, outdoor grills and a dog park.  The property was acquired from an undisclosed seller in an off-market transaction. The new ownership plans to invest approximately $3.5 million on …

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