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The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 84-unit, 336-bed Huntsville Place student housing apartment community located in Huntsville, AL. This asset is situated less than one-mile northwest of the University of Alabama in Huntsville (9.5K+ students), 1.1 miles directly south of Oakwood University (1,500 students) and roughly 10 minutes away from downtown Huntsville, AL. UAH is consistently ranked as one of the best colleges in salary potential for recent graduates. The purpose-built student housing asset was completed in 2008 and is the only standalone asset of its kind that also offers large 4BD/4BA floorplans. The asset is in a market with 8% avg. rent growth since the first quarter of 2019. Boasting exceptional performance in a top investment market, Huntsville Place represents an outstanding opportunity to invest in a high-performing student asset in one of the top multifamily markets in the U.S.
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Huntsville Place
84 Units | 336 Beds
4955 Century Street NW
Huntsville, AL  35816-1973
Type: Student
Closed: 6/23/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of The Park on 23rd, 98 units located in Pell City, Alabama (Birmingham MSA) which has the nation’s second lowest unemployment rate according to the Wall Street Journal and 60K+ jobs added since April 2020. The asset is situated 0.5 miles off of I-20 and only a mile from downtown Pell City, a rapidly growing submarket in the Birmingham MSA with YoY rent growth of 12%+ during 2021.This asset’s location puts it 15 minutes from the Honda vehicle assembly plant in Lincoln, AL (4,500+ jobs). Built in 1992, The Park at 23rd represents an outstanding opportunity to invest in a cash flowing asset with strong submarket fundamentals.
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The Park on 23rd
98 Units
1103 23rd Street N
Pell City, AL  35125
Closed: 6/17/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the 40-unit Robertsdale Village apartment community located in Robertsdale, AL. The asset is well-located in Baldwin County, the 7th fastest growing county in the US and 1st in the state. Originally built as a LIHTC community, Robertsdale Village has completed the QC period and is currently in the 3-year decontrol period, allowing the next investor to begin converting to market-rate and bridging a $400+ rent gap to nearby comps. Built in 1996 with quality brick construction, Robertsdale Village offers an outstanding opportunity to invest in a quality, value add asset poised to generate higher returns amidst Baldwin County’s continued growth.
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Robertsdale Village
40 Units
22625 Mattingly Street
Robertsdale, AL  36567
Type: Affordable Housing
Closed: 4/29/2022
The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of Estelle, a 280-unit, 2021-built apartment community located in Birmingham, AL. The property is situated in Midtown Birmingham which has experienced 34% rent growth among class A & B properties in the last 5 years, offers residents quick and convenient access to Samford University (5,729 students), the University of Alabama at Birmingham (UAB) and its 45K+ combined jobs and students, and the top Hospitals and employment drivers in the MSA. Estelle is now 96%+ occupied following a tremendous leasing season that averaged 53 units/month velocity from May-August 2021. The property boasts unmatched amenities and finishes in the marketplace and has maintained excellent rental growth throughout lease-up offering the next investor substantial value add upside by pushing 2nd generation leases.
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Estelle
280 Units
100 Wildwood Court
Birmingham, AL  35209
Type: Conventional
Closed: 4/18/2022