High River

Posted: 1/10/2018
176 Units
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About

About High River

The Cushman & Wakefield Southeast Multifamily Advisory Group is pleased to present the exclusive listing of High River, a 176-unit apartment community located in Tuscaloosa, Alabama. Tuscaloosa has produced outstanding growth over the past decade, benefiting from an economy backed by two pillars: University of Alabama ($1.8B impact) and the Mercedes-Benz plant ($1.3B expansion). High River is situated in the thriving Northport submarket, boasting the metro’s top suburbs, highest household incomes, and heavy multifamily supply restrictions. The next investor will be acquiring an asset with massive upside potential, having maintained 98% occupancy over the last 4 years and 4.2% organic rent growth. With renovations in 2007, the community is positioned for a 2nd generation of upgrades with 4 enhanced units already achieving $100 rent premiums.