We served as bond counsel in connection with the issuance of over $349 million in student housing revenue bonds for the University of Tennessee. The bonds facilitated the development of additional on-campus housing at the flagship campus of the University of Tennessee in Knoxville (UTK) to address UTK’s pressing demand due to rapid growth and development. Notably, this deal was the first public-private partnership in UTK’s history for dorm construction, addressing a projected housing gap expected to grow from 800 to 3,000 students by 2030 and modernizing facilities, 56% of which date back to the 1960s.
For more information on this transaction, click here.