Blue Haus

Investment Highlights

Class-A product in Superior Location 

Built in 2019, Blue Haus boasts top-of-the-line features and finishes, including granite, stainless, in-unit washer and dryers, gigabit internet and Luxer One package lockers.

Located just behind Midtown Village (362,000sf), it is walkable to Midtown Village’s 20+ restaurants including Chipotle, Panera Bread, Tazikis, and Five Guys, as well as its retailers such as Barnes & Noble, Best Buy and Old Navy.  The nearby intersection of McFarland and 15th Street has an average daily traffic count of 52,000.

97% Leased for ‘21-‘22 School Year 

Blue Haus is 97% leased for the current school year with rental rates averaging $941 per bed.   

Strong University Fundamentals

Over the past decade, enrollment has grown over 30%. This year alone, the freshmen class added 2,000 students, bringing enrollment up to 38,320 students.  The large increase caused an 800-bed shortage on-campus.  The long-term plan is to further grow enrollment to around 41,000 students.

Limited Future Purpose-Built Pipeline

Tuscaloosa recently extended their development moratorium for purpose-built product around the university.  The lack of new supply will ensure occupancies remain stable and rent growth remains above historical averages.

Investment Summary

  • Status: Available
  • Tuscaloosa, AL
  • Total Beds: 114
  • Year Built: 2019
  • Avg Unit Size: 791 SF
  • Total Units: 84
  • Occupancy: 97%

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