The Landing at South

Investment Highlights

University of South Alabama’s Top Student Asset

The Landing at South is 100% pre-leased for Fall ’21 with the highest rental rates ($659 per bed) in the market. In both of its leasing cycles since delivery, The Landings has been the quickest property in the market to lease up.

Cottage Design with Top-of-Market Amenities

Built in 2019, The Landing at South is the only cottage-style student property serving The University of South Alabama. The gated community features 210 beds across 56 cottage-style homes. The furnished cottages offer bed-bath parity with three and four-bedroom floorplans averaging 1,893 square feet as well as a modern amenity set with all the accommodations students have come to expect with luxury living.

A+ Walkable Location

Across the street from the University of South Alabama campus, The Landing at South is walking distance to classes, the new on-campus football stadium, Greek life, and everything USA has to offer.

Potential for Additional Units

The offering includes three additional parcels, which could potentially accommodate 70-90 additional cottage beds.

Investment Summary

  • Under Contract
  • Mobile, AL
  • Total Beds: 210 (56 Units)
  • Year Built: 2019
  • Occupancy: 94%
  • Pre-Leased (Fall 21): 100%
  • Average Unit Size: 1,893 SF
  • In-Place Rent/Bed: $655
  • In-Place Rent/Unit: $2,456

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Additional Info

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