Tennessee

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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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

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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Memphis, Tenn. — ROVR Score has hired Taylor Gunn as senior vice president. Gunn most recently served as director of real estate research at Ryan, a global tax services and software provider where she helped launch the company’s U.S.-based CRE research platform. Prior to Ryan, she oversaw research and analytics efforts for CA Ventures’ student housing division. “Under Gunn’s leadership and demonstrated expertise in data and market intelligence, ROVR will strengthen its technology dataset, product and services as well as identify valuable integrations to support company growth and deliver greater …

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Memphis, Tenn — ROVR Score has hired Whitney Kidd as senior vice president. Prior to joining ROVR Score, Kidd led a team focused on RealPage’s student, military and urban markets. She joined RealPage from the On-Site acquisition, where she served as an Industry principal. “Whitney’s talent and business development experience, uniquely positions ROVR Score to gain market share in the next months and years to come, enabling us to truly transform how owners, operators and developers’ approach IoT and all things relating to connectivity,” says CEO Scott Casey. “Kidd’s customer-centric …

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Memphis, Tenn. — ROVR Score, a company offering community-wide connectivity measurement and evaluation services for multifamily and student housing properties, launched earlier this week. The Memphis-based firm was created by executives in the student housing and multifamily space to help property owners and managers measure, improve and enhance their Wi-Fi, network and cellular connectivity offerings. “Today’s residents expect full and uninterrupted coverage and ROVR Score’s solution gives the consumer up front assurance of a property’s ability to fulfill their digital needs as they choose their next place to live,” says Scott …

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Balfour-Beatty-Vanderbilt

Nashville, Tenn. — A public-private partnership between Balfour Beatty Campus Solutions, Axium Infrastructure and Vanderbilt University has broken ground on a 616-bed student housing project in Nashville. The total cost of the project was not disclosed, but the Nashville Post and Nashville Business Journal both reported late last week that the development team received approximately $107 million in construction financing. According to Vanderbilt University’s news service, construction of the project was originally scheduled to start last summer but was delayed due to COVID-19. The community will be located on Broadway between …

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Murfreesboro, Tenn. — Capstone Real Estate Investments (CREI) has acquired The Pointe at Raiders Campus, a 756-bed student housing community located near Tennessee State University in Murfreesboro. An extensive renovation is planned for the property including the development of new floor plan options, and will begin during the first quarter of 2022. The company’s property management division will also implement operational enhancements to security, building accessibility and on-site management services. The seller and terms of the transaction were undisclosed. 

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Memphis, Tenn. — Rhodes College has announced plans to build a 150-bed residence hall on its campus in Memphis. Titled East Village C, the three-story development will total 61,717 square feet. The project was designed by Jane Cady Rathbone of Hanbury Evans Wright Vlattas and Co. and will offer townhomes, four- and eight-person suites and single rooms with shared facilities including lounge space. Communal amenities at the residence hall are set to include kitchen, meeting and recreational areas alongside collaborative workspaces and quiet study space. A multicultural lodge designed to …

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Clemson-Lofts

Clemson, S.C. and Knoxville, Tenn. —Arcapita, a global investment manager with offices in Atlanta, London and Singapore, has acquired two student housing communities in the Southeast for a combined $120 million. Clemson Lofts is a 640-bed community located approximately one mile from Clemson University in South Carolina that was fully occupied at the time of sale. Quarry Trail is an 840-unit property serving the University of Tennessee in Knoxville. The properties were acquired in separate transactions, with the sellers in each deal opting to remain anonymous. Clemson Lofts features one-, two-, …

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