Tennessee

RISE-Tenn

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

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

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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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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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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