Muinzer, a privately held real estate investment firm founded by Marc Muinzer, together with T2 Capital Management, has acquired The Heights of Knoxville near the University of Tennessee. The 636-bed student housing community is 100 percent leased and underpinned by 31 acres of land.
The Heights of Knoxville is Muinzer's first acquisition in the University of Tennessee market.
"The Heights of Knoxville is exactly the kind of asset we are looking to acquire. It maintains a strong sense of community and has opportunities for sustained improvements over time. I am delighted with the near- and long-term prospects for this property," said Marc Muinzer, founder and CEO of Muinzer.
Muinzer also announced a $325 million student-housing acquisition initiative. "As one of the fastest-growing student housing investment firms in the nation, we are seeking acquisitions near rapidly expanding universities in the Big 10 and SEC," added Muinzer. "Our team's 20-year track of exec
