“The Mark Knoxville is the second project in our partnership with Manulife Investment Management, and it will be our fourth property near The University of Tennessee,” said Landmark President and CEO Wes Rogers. “We like the underlying fundamentals of the Knoxville market and look forward to delivering more purpose-built student housing beds to area students.”
The Mark is a short walk from campus and will offer units from studios to five bedrooms. It will have an on-site garage, shuttle service and luxury amenities attractive to students.
“We are excited to continue the growth of our partnership with Landmark with this development at the University of Tennessee, supported by local market fundamentals and Landmark’s experience operating in the area,” said Manulife Investment Management Managing Director Edward Dunn.
Units will have gourmet kitchens, hardwood-style floors, private bathrooms and furnishings. Amenities will include a rooftop pool, 24-hour study lounge, pickleball court, clubhouse, fitness center and courtyard space.
Construction will start in June 2023, with Landmark Construction as general contractor. Landmark, based in Athens, Georgia, has $11.8 billion in assets under management, including 100 communities and nearly 65,000 beds. It aims to lead in student and multifamily housing development, construction, operations and investment.
Manulife Investment Management, the global wealth and asset management arm of Manulife Financial, serves individuals and institutions worldwide. With offices in 19 geographies, including Toronto, it provides access to unaffiliated asset managers and pursues sustainable, responsible investing. Its retirement plan expertise helps sponsors and members globally.
The Mark Knoxville demonstrates the ongoing partnership between Landmark and Manulife Investment Management to provide quality student housing supported by market demand and operational experience.