The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of SFR 59 Portfolio, a 59-home SFR portfolio located in the Birmingham, AL MSA. The SFR 59 Portfolio, comprised of 59 Single Family Rental Homes located within 8 existing retail communities, offers an ultra-rare opportunity to acquire scale in the Birmingham market from a prominent local developer. The majority of homes were built within the last 5 years and are strategically located in high-growth suburban markets: Irondale, Trussville, Lakeshore, and Gardendale. These neighborhoods have experienced retail value growth from 5-10% YOY since construction, and in-place rents remain $200-$500 below nearby comps. Demand for SFR assets has steadily increased over the last decade as renters increasingly prefer home-like living without the burden of home ownership, and single-family rentals have emerged as one of the most attractive asset classes to both institutional and private investors.
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SFR 49 Portfolio (6 properties, 49 units)