Muinzer Completes Student Housing Portfolio Recapitalization

LOS ANGELES, March 17, 2025 /PRNewswire/ -- Muinzer, a leading private equity real estate investment firm specializing in student housing, today announced the successful recapitalization of The Heights of Knoxville and University Park near the University of Tennessee in Knoxville, TN. The portfolio recapitalization totals 1,356 student housing beds that are 100% occupied. The transaction was successfully arranged by Scott Clifton, Kevin Kazlow and Teddy Leatherman of JLL.

Muinzer originally acquired The Heights of Knoxville and University Park alongside T2 Capital Management in 2021. The recapitalization brings Muinzer's total transaction volume to over $500 million in the preceding 12 months. "Our 23-year track record of successfully acquiring and operating student housing assets continues to drive strong interest from investors," said Marc Muinzer, Founder and CEO of his namesake firm. "Looking ahead, our expanded institutional capabilities provide us with a significant runway to continue acquiring student housing assets near the largest and fastest-growing universities," added Mr. Muinzer.

For this transaction, Muinzer partnered with Kayne Anderson Real Estate, a leading real estate investment firm with sector expertise in student housing, medical office, seniors housing, and multifamily housing. Since its inception in 2007, Kayne Anderson Real Estate has developed or acquired over 115 student housing assets totaling nearly 75,000 beds. "We have high conviction in the Knoxville market," said Ken Carl, Senior Managing Director and Head of Student and Multifamily Housing at Kayne Anderson Real Estate, "and we are excited to partner with Muinzer on these two great assets."

Muinzer began investing in student housing in 2002 and is one of the largest owners and operators in the Big Ten and SEC Conferences. "Capital partners continue to be drawn to sponsors with a proven track record and top-performing assets," said Michael Snyder, COO of Muinzer. "We have long-term conviction in student housing and are actively deploying capital towards our goal of acquiring an additional $2 billion of student housing communities near high-growth universities," added Mr. Snyder.

About Muinzer:

Muinzer was founded by Marc Muinzer in 2002. With offices in Los Angeles, Knoxville, Auburn, West Lafayette, and Chicago, Muinzer is one of the largest owners and operators of student housing in the Big Ten and SEC Conferences. Please visit www.muinzer.com for more information.

About Kayne Anderson Real Estate:

Kayne Anderson Real Estate is a leading real estate investment firm, managing approximately $17 billion in assets under management across opportunistic equity, core equity, and real estate debt, with sector expertise in medical office, seniors housing, off-campus student housing, multifamily housing, and self-storage. Kayne Anderson Real Estate is part of Kayne Anderson, a $37 billion alternative investment management firm with more than 40 years of successful experience across real estate, infrastructure, energy, and credit. For more information, visit www.kayneanderson.com/real-estate/. (As of January 2025)

Contact:
Muinzer
248 S. Chauncey Avenue
West Lafayette, IN 47906
Email: [email protected]

SOURCE Muinzer