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Atlanta & Southeast  + Southeast  + Student Housing  | 
Core Spaces, Schenk Realty and Kayne Anderson Real Estate closed a $233.3M construction loan to finance development of Hub Knoxville

Developers Close $233.3M Loan for Knoxville Student Housing

Core Spaces, Schenk Realty and Kayne Anderson Real Estate closed a $233.3M construction loan to finance development of Hub Knoxville. Spanning four acres, the project is the largest student development in Knoxville’s history.

PNC Bank acted as the administrative agent and PNC Capital Markets LLC acted as the joint lead arranger for the multi-tower, nearly 2,000-bed purpose-built student housing project. Truist acted as a joint lead arranger and syndication agent, TSB Capital Advisors acted as the financial advisor on the transaction and Webster Bank and Bank United also participated in the credit facility.

Located near the University of Tennessee, Hub Knoxville will feature three towers, including two 10-story buildings and one 7-story building, with a total of approximately 600 units in studio through five-bedroom floor plans. The mixed-use development will also feature an estimated 30,000 square feet of retail space and a roughly 1,800-stall parking garage. 


Inside The Story

Core SpacesSchenk RealtyKayne Anderson Real Estate

About Angela Noote

Angela Noote is a native of Northern California and graduated from Chico State with a degree in public relations. After college she moved to the Central Coast and worked first in ad sales then in editorial, eventually spending more than a decade as a print reporter and editor. She detoured into design work at a printer/publisher, and with a partner eventually opened a boutique full-service marketing agency. Moving into corporate communications, she built and managed several successful marketing teams in the hospitality, financial services, and nonprofit industries. Most recently she was an internal comms manager in the tech sector. After a long stint spent in Georgia (Go Dawgs), she moved to Baton Rouge, LA and has written for clients in the financial, luxury imports, higher ed, commercial cleaning, and medical equipment industries. Her son is a media arts major at the University of South Carolina, and her husband owns a comedy theater in Baton Rouge, where you can often find Angi teaching improv classes, leading corporate training events, or doing an occasional stand up set.