The Rivi

About The Rivi

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Rivi - a 144-unit, newly constructed (2024) Class A apartment community located in Foley, Alabama, the state’s fastest-growing city. Currently 93% leased, The Rivi has demonstrated a strong lease-up performance, averaging 17 move-ins per month during peak leasing season. The property features high-quality construction, modern interior finishes, attractive exterior design, and a robust amenity package that continues to drive strong renter demand. Offered at a compelling basis significantly below replacement cost,

The Rivi provides an exceptional opportunity for investors to acquire a stabilized, institutional-quality asset with upside potential.

Foley, located in Baldwin County, is a leading growth market - experiencing an impressive 31% population increase since 2020 - and benefits from proximity to affluent nearby submarkets such as Fairhope and Orange Beach, as well as major employment centers including Pensacola and Mobile. This offering represents a rare chance to secure a premier multifamily asset in one of the nation’s most dynamic and rapidly expanding submarkets.