Tuscaloosa Student Housing Portfolio

Investment Highlights

RARE OPPORTUNITY IN A TIGHTLY OWNED MARKET

Over 50% of all beds in the University Residential District are held by just 9 owners.

IMMEDIATE, RELIABLE, PASSIVE CASH FLOW

The portfolio is 100% occupied, currently generating >$33,000 in monthly rental revenue. The properties are 80% pre-leased for Fall 2021 at increased rates, and are expected to be 100% pre-leased before Thanksgiving, meaning revenue through July of 2022 will be accounted for prior to close.

A+ LOCATIONS

All properties are in prime locations, just 0.3 miles from campus, in a market averaging over 7% annual rent growth over the last 10 years.

LARGE, HIGH-GROWTH STUDENT MARKET

Enrollment at The University of Alabama’s is currently over 38,000 students, and has grown an average of 4.1% annually over the past 15 years. Within 0.5 miles of campus, occupancy has averaged 98.6%.

NEW, QUALITY CONSTRUCTION

All units were built or renovated within the past 8 years with minimal upkeep finishes, such as granite countertops and tile floors.

Investment Summary

  • Status: Available
  • Tuscaloosa, AL
  • Total Beds: 41
  • Number of Properties: 4
  • Distance From Campus: 0.3 miles
  • Occupancy: 100%
  • Preleased for fall 2021: 80%

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