Street Address

920 Douglas Street, Chattanooga, TN

691

No. of Beds

195

No. of Units

2016

Year Built

XXXX

No. of Beds

XXXX

No. of Units

XXXX

Year Built

XXXX

Proximity to Campus

The Opportunity

- Only Purpose-Built Student Housing Asset in the Market
- Core Quality Asset Two Blocks South of Campus
- Freshman Enrollment Increased 8.2% for Last Year
- Division 1 Athletics in the Southern Conference
- Assumable Below Market Debt Provides Enhanced Cash Yield
- Tennessee has No Individual Income Tax and is One of the Fastest Growing States
- UT Promise Scholarship Funds are Available to UTC Students
- On-Campus Housing is at Full Capacity

The Asset

Community Amenities
  • Resort-style Pool
  • Extensive Fitness Facilities Including: ​ Cardio Space,
    Weight Room and Yoga Studio
  • Outdoor Grilling Area
  • Outdoor Fire Pit
  • Clubroom With Flat-Screen TVs
  • Arcade and Gameroom
  • Study Lounge With Private Group Study Rooms
  • Computer Lounge
  • Starbucks Internet Cafe
  • Free Tanning
  • Controlled Access
  • Garage Parking
  • On-Site Management & Maintenance Staff
  • Online Payments Available
Apartment Features
  • 2, 3, 4 Bedroom Floorplan Options
  • Fully Furnished Apartments with
  • Custom Design Package
  • Spacious Apartments With Private Bathrooms
  • Stainless Steel Appliances
  • Granite Countertops
  • Decorator Cabinets
  • Full Size Washer & Dryer
  • 9’ Ceilings
  • High-speed Internet
  • Electronic Key System

The Location

Photo Gallery

The University

Founded in 1886 as Chattanooga University, The University of Tennessee at Chattanooga (UTC) is a public university and classified as a Master’s College and University by the Carnegie Classification of Institutions of Higher Education. UTC is the second-largest higher education institution in the University of Tennessee System, boasting a total enrollment of 11,283 students in the Fall 2022 semester.

The school is one of the fastest growing in the state of Tennessee, investing more than $300 million in capital investment projects over recent years, as UTC looks to increase in student enrollment to over 15,000 over the next 10 years. Located near the heart of Chattanooga, students at UTC have the opportunity to intern and work with some of the top employers in the Chattanooga region, including Amazon, Chattem, Coca-Cola, Little Debbie, Moon Pie, and Volkswagen.

On-campus housing on the UTC campus can accommodate less than 3k students, leaving 75% or nearly 9k students in need of off-campus housing. ​

Berkadia Student Housing Team

Detroit Office

28411 Northwestern Hwy, Ste 300
Southfield, MI 48034
248.646.7701

Houston Office

2229 San Felipe Street, Ste 1600
Houston, TX 77019
713.974.1300

Investment Sales
KEVIN LARIMER

Senior Managing Director
248.341.3305
kevin.larimer@berkadia.com

BRANDON BUELL

Senior Managing Director
346.444.8982
brandon.buell@berkadia.com

Patrick Jordan
Mortgage Banking
PETER BENEDETTO

Senior Managing Director
248.208.3462
peter.benedetto@berkadia.com

AARON MOLL

Director
248.208.0529
aaron.moll@berkadia.com

Steve Skok

Berkadia®, a joint venture of Berkshire Hathaway and Jefferies Financial Group, is an industry leading commercial real estate company providing comprehensive capital solutions and investment sales advisory and research services for multifamily and commercial properties. Berkadia® is amongst the largest, highest rated and most respected primary, master and special servicers in the industry. This advertisement is not intended to solicit commercial mortgage loan brokerage business in Nevada.

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