After a previous span of clear skies and warm weather, Monday afternoon of Oct. 30 brought with it a near-constant drizzle of rain bringing temperatures well into the low fifties.
KNOXVILLE, TN - JLL Capital Markets announced today that it has arranged the acquisition financing for 303 Flats, a Class A, 138-unit / 431-bed, mid-rise student housing community located at the University of Tennessee in Knoxville.
JLL represented the borrower, Horizon Realty Advisors, to secure a five-year, fixed-rate loan through Northwestern Mutual.
Completed in the fall of 2018, the property offers a mix of one-, two-, three- and four-bedroom units with bed-bath parity. The units feature.
Realco Capital Partners sold the Knoxville project to Horizon Realty Advisors. Seattle-based Horizon Realty Advisors has acquired 303 Flats, a 138-unit, 431-bed Class A student housing property located near the University of Tennessee in Knoxville, Tenn., from Realco Capital Partners of Stamford, Conn.
On Tuesday afternoon, over 75 staff, faculty and students rallied in McClung Plaza in support of a petition from United Campus Workers that calls for an increase to base stipends