#Knoxville #United States #Student Housing #Muinzer

Muinzer's Recapitalization of Student Housing Portfolio

Muinzer, a prominent name in the private equity real estate sector focusing on student housing, has made headlines with its recent announcement about successfully recapitalizing two critical student housing assets, The Heights of Knoxville and University Park. Located strategically near the University of Tennessee in Knoxville, TN, this portfolio is notable for its impressive 100% occupancy rate across a total of 1,356 student housing beds.

This successful transaction showcases Muinzer's commitment and expertise in the student housing market. The recapitalization was facilitated through a partnership with JLL, bringing together the extensive professional acumen of Scott Clifton, Kevin Kazlow, and Teddy Leatherman. Their dedication has enabled Muinzer to further solidify its reputation as a leader in the industry.

Established in 2002, Muinzer has built a remarkable track record over its 23 years, steadily acquiring and managing student housing assets. In 2021, the firm collaborated with T2 Capital Management to first acquire The Heights of Knoxville and University Park, setting the stage for their latest venture. Marc Muinzer, the firm's founder and CEO, emphasized the strong investor interest in their operations, driven by consistent success in acquiring and managing student housing. He points out that the firm’s recent recapitalization boosts Muinzer’s total transaction volume to over $500 million within the last year.

In strategic alignment for future growth, Muinzer has expanded its institutional capabilities, which will provide ample opportunities to continue acquiring student housing near rapidly growing universities. This vision is shared by Ken Carl, Senior Managing Director at Kayne Anderson Real Estate, who expresses strong confidence in the Knoxville market and is excited about the partnership on these significant assets.

Ken Carl notes, "We have high conviction in the Knoxville market, and we are excited to partner with Muinzer on these two great assets." This collaboration underlines Kayne Anderson’s expertise in real estate investing, highlighting their extensive experience in managing sector-specific real estate, including medical offices and seniors' housing.

As the student housing landscape evolves, Muinzer remains at the forefront, actively pursuing its strategic goal of acquiring an additional $2 billion in student housing communities. The firm aims to capture opportunities near high-growth universities, leveraging its extensive network and the proven track record of success that attracts capital partners.

Michael Snyder, COO of Muinzer, echoed similar sentiments, stating, "Capital partners continue to be drawn to sponsors with a proven track record and top-performing assets." As the firm continues to solidify its role as one of the largest operators in the Big Ten and SEC Conferences, the focus remains on identifying strategic opportunities that align with the needs of students and investors alike.

In conclusion, Muinzer's recent recapitalization is not just a financial maneuver; it represents an ongoing commitment to enhancing the student housing landscape through strategic investments and partnerships. With a robust portfolio, unmatched experience, and an eye toward future growth, Muinzer is set to redefine what it means to be a leader in the student housing market.

About Muinzer

Founded in 2002 by Marc Muinzer, the firm operates multiple offices across key locations, including Los Angeles and Knoxville, making it a significant player in the student housing market within major universities.

About Kayne Anderson Real Estate

Kayne Anderson Real Estate manages approximately $17 billion in assets, specializing in various sectors, including medical office and student housing, thus reflecting its expertise and stability in the real estate investment landscape.