The Opportunity

Best-In-Class Student Housing

Berkadia is pleased to announce the exclusive opportunity to acquire Campus Edge Apartments located in Cookeville, TN. Campus Edge is a newly built, best-in-class student housing development featuring 288-beds and boasting an occupancy of 100%. With the limited amount of stock and an estimated 76% of the student population living off-campus, Campus Edge is well-positioned to be a top performer in the marketplace.

Campus Edge is located about 1 mile from Tennessee Tech University (TTU). Current enrollment at TTU is just under 11,000 graduate and undergraduate students. The annual local impact of TTU is estimated to exceed $150 million with well over 1,100 employees. There is nearly $150 million in on-campus development taking place with the construction of a new Laboratory Sciences Building and a new Recreation and Fitness Center scheduled for delivery in 2019/2020.

The Property

Campus Edge

Campus Edge is a 96-unit / 288-bed, garden-style student living community located in Cookeville, Tennessee. The property was recently constructed in 2017 and features attractive, two-tone exterior siding. Unit mix for the property is made up of 48 two-bedroom units, each measuring 960 square feet, and 48 four-bedroom units, each measuring 1,280 square feet. Average unit size for the property is 1,120 square feet. Neatly manicured lawns and professionally maintained landscaping decorate the grounds of the property.

Amenities

Unit Amenities

  • Washer & Dryer in each Unit
  • Granite Counter Tops
  • Large Living Area
  • Refrigerator
  • Stove
  • Microwave
  • Dishwasher
  • Wood Laminate Flooring
  • Fully Furnished
  • Parking Space for each Student
  • Utilities Included
  • Free Wi-Fi
  • 40" Flatscreen TV
  • Sprinkler System
  • Wheelchair Accessible Rooms
  • Walk-In Closets
  • Patio/Porch

Community Amenities

  • Community Clubhouse with Full Kitchen and Movie Room
  • Game Room with Billiards and Shuffleboard
  • 24-Hour Fitness Center
  • Dog Park
  • Tanning Beds
  • Computer Lab
  • Sand Volleyball Court
  • Swimming Pool with Sun Deck
  • Controlled Access
  • Maintenance on site
  • Online Services
  • Onsite Courtesy Officer
  • 24 hour Surveillance System
  • Professional On-site Management
  • Community-wide Wi-Fi

Photo Gallery

The Location

Tennessee Tech University Overview

Contact

Alex Blgojevich Managing Director Alex.Blagojevich@berkadia.com 312.845.3088

Michael Sullivan Senior Director Michael.Suillivan@berkadia.com 816.759.0369

GREG GONZALEZ Director - Student Housing 312.845.3091 Greg.Gonzalez@berkadia.com

Patrick Jordan Senior Director Patrick.Jordan@berkadia.com 901.425.1828 TN License #00318783

Kevin Larimer

Director - Student Housing

248.341.3305

Kevin.Larimer@berkadia.com

MEMPHIS OFFICE 2320 S Germantown Road, 2nd Floor Germantown, TN 38138 901.425.1828 | Fax: 901.425.1831

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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