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CBRE Facilitates Sale of 139-Unit Student Housing Community near UT
CBRE facilitated the sale of 303 Flats, a 433-bed, 139-unit student housing community near the University of Tennessee, Knoxville. The purchaser was Seattle-based Horizon Realty Advisors.
CBRE’s Jaclyn Fitts, William Vonderfecht and Casey Schaefer with the National Student Housing team represented the seller in partnership with Brett Carr from CBRE’s Nashville office.
303 Flats is located at 303 W. Blount Ave. and was built in 2018. The property is south of the UTK Campus, along the Tennessee River, offering residents quick access to Neyland Stadium and downtown Knoxville.
All units are fully furnished and feature stainless steel Whirlpool appliances, full-size washer and dryer, walk-in closets and 100 percent bed-bath parity. The community offers a full set of amenities, including a resort-style pool, a fitness center with a yoga and stretching studio, individual and group study lounges, a game lounge, bicycle storage and a dog park with a pet wash station.
- ◦Sale/Acquisition