The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Moderne at Providence, a 300-unit, 2017-built apartment community located in the flourishing Providence District of Northwest Huntsville. Huntsville, arguably one of the hottest economic metros in the U.S., has added 12K+ jobs & $5B of capital investments since 2018. The area has experienced 9.7% annualized apartment rent growth in Q1 2020 following 6.2% in 2018 and 7.9% in 2019. The subject sits just north of Cummings Research Park within the Providence District, a high-end neighborhood centered around boutique retail, townhomes, and office space. Delivered in August 2017, The Moderne at Providence is a Class A asset primed for a targeted interior value add campaign which is projected to yield substantial rent premiums. The asset arrives to market with stellar historical performance and embedded organic rent growth. The subject’s quality construction, retail walkability, and connectivity to massive job cores will position future ownership to achieve profitable upward momentum.
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