ATHENS, GA. November 1, 2014—Landmark Properties, in a venture with Harrison Street Real Estate Capital, LLC, and Schenk Realty, recently started construction on The Standard at Knoxville, a 672-bed urban infill project in Knoxville, Tennessee. This project will be purpose-built to serve the students of The University of Tennessee and will target those students who frequent the area’s restaurants, retail, and nightlife while also appreciating pedestrian access to class.
Located at the intersection of S 17th Street and White Avenue, The Standard at Knoxville will be adjacent to the university campus, making it the best-located student housing property in the market. The community will comprise forty-two floorplans with one, two, three, four and five bedroom units. Each floorplan will offer private bathrooms, will be fully furnished and will have top-of-the-market finishes with granite countertops and premium appliances.
Standard residents will enjoy their spacious apartments, while also taking advantage of Knoxville’s best-amenity package. The community will offer on-site management as well as the following exclusive amenities: a resort-style pool, resident center with a 24-hour study lounge, tanning beds, a state-of-the-art fitness facility and gameroom. With parking in Knoxville at a premium, residents will enjoy exclusive gated parking in a covered deck as well as access to off-site parking.
Landmark has successfully developed over 11,000 beds of student housing and has an additional 5,000 beds currently under construction. Landmark’s urban infill brand, “The Standard” was first marketed to students at The University of Georgia and reached pre-leased occupancy goals in record time. Landmark Properties continues to develop both “The Retreat” branded cottage-style developments and “The Standard” branded infill developments in college markets nationwide.
A Landmark subsidiary, Landmark Construction, will serve as the project’s general contractor.
About Landmark Properties
Landmark Properties is a fully-integrated real estate firm specializing in the development, investment and management of high-quality student housing communities across the country. Backed by a deep understanding of the markets, a commitment to quality and a strong track record of success, Landmark Properties is responsible for some of the most premier student housing communities in the nation. For more information, visit www.landmarkproperties.com.
About Harrison Street Real Estate Capital, LLC
Harrison Street Real Estate Capital is a real estate private equity firm founded in 2005 that directly and through its affiliates, has approximately $7.3 billion in assets under management (AUM) through commingled funds and public securities products. The commingled funds focus exclusively on the Education, Healthcare and Storage segments of the US real estate market. Since inception, the Firm has acquired or developed over 400 properties in 40 states including over 50,800 student housing beds, more than 11,600 senior housing units, over 4.8 million square feet of medical office space, and more than 82,000 self storage units. Additionally, Harrison Street Securities LLC, an affiliate currently manages over $760 million in REIT securities through distinct long only product offerings. For more information please visit www.harrisonst.com.