Capstone Equity & Structure Finance is pleased to
present a preferred equity financing opportunity for The Manning on the
River, a to-be-built student housing development at the University of
Tennessee (25,000+ undergraduate students). The project will feature 206 units
with a mix of one-, two-, three-, and four-bedroom units, totaling 689 beds.
The site is located just off the Henley Street bridge across the Tennessee
River from campus, which provides a convenient 10-minute walk to the University
of Tennessee campus and downtown Knoxville. The project is set to begin
vertical construction in November 2022 and will feature top-of-the-line amenities and
finishes for prospective students to enjoy. Additionally, the sponsor, Southern
Building Group (“SBG”), has an extremely strong track record of capitalizing,
developing, and selling high-quality student housing assets across the
Southeastern United States and represents an excellent development partner for
prospective investors.
Located
at Tier 1 University of Tennessee with 25,000+ Undergraduate Students
Convenient
Walkable Access to Campus and Downtown Knoxville
Top-of-the-Line
Amenities and Finishes
Strong
Student Housing Sponsor with an Excellent Track Record