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.