Tuscaloosa Student Housing Portfolio

Investment Highlights

100% Occupied with Heavy Year-Over-Year Rent Bumps

The properties are currently 100% pre-leased for 2024-2025 school year at increased rates, that will bring in over $46,000 in monthly rental revenue and ±$560,000 annually. The portfolio averaged over 11% rent increases and is still below market rent in comparison to many nearby properties.

A+ Pedestrian to Campus Locations

All properties are located north of 15th Street within “The Box” in prime locations, positioned 0.1 to 0.3 miles from campus. These locations offer ideal walkability to campus and night life as well as significantly higher rents. 

Proven Demand 

Enrollment at The University of Alabama hit an all-time high for the 2022-2023 school year. With over 38,500 students, enrollment has grown 51% over the past 15 years. This steady growth has led to strong pre-leasing for fall 2023 at 96% for properties within 0.5 miles of campus. 

New, Low- Maintenance Product With Bed-Bath Parity

The portfolio was built within the last 7-11 years with minimal upkeep finishes, such as granite countertops and hardwood floors. The portfolio offers bed-bath parity.

Rare Opportunity Near Restricted Building Zone 

The portfolio is located outside of the City of Tuscaloosa Historic Districts, which are subject to building restrictions as well as measures to reduce student housing within the area. The portfolio offers an opportunity to acquire scale in an elusive market. 

Investment Summary

  • Status: Available
  • Tuscaloosa, AL
  • Total Beds: 50
  • Built: 2012-2016
  • Occupancy: 100%
  • Avg Rent/Bed 24'-25' School Year: $935


Additional Info

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