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

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 stations and a fire pit; 24-hour fitness center; computer lab; television lounge; zen room; gaming lounge, group study rooms; a coffee station; free tanning; an indoor golf putting green; Amazon hub; and ground floor retail space. “TENN received incredible investor interest and is only one of two core, pedestrian student housing assets that have transacted in 2023 so far,” says Fitts.