Evolve Tuscaloosa_Actifs en vente
Evolve Tuscaloosa_Actifs en vente
680 6th Ave Nw, Tuscaloosa, AL, 35404, US

Evolve Tuscaloosa

Description de l'actif

Jones Lang LaSalle Americas, Inc. ("JLL") is pleased to present Evolve Tuscaloosa (the "Property" ), a 228-unit / 628-bed student housing community located in Tuscaloosa, Alabama. Recently built in 2017, the Property offers a comprehensive amenity package tailored to the modern-day student. The Property contains a mix of 2-bed and 3-bed floorplans complete with 100% bed-bath parity.


Evolve Tuscaloosa serves the University of Alabama (the "University" or "UA"), Alabama’s flagship University. The University is currently experiencing a major bounce back from Covid-19 declines and is now poised for future growth. Total enrollment at the University reached an all-time high of 38,645 students in Fall 2022. A large portion of this growth can be attributed to the 8,037 first-year students, climbing 6% from the prior year.


The Tuscaloosa purpose-built student housing market is reaping the benefits of recent enrollment growth. The market is currently 79% pre-leased as of May 2023, which is 9% ahead of where it was a year ago while achieving high single-digit rent growth.


Evolve Tuscaloosa is poised to continue to grow upon its 23- 24 AY leasing performance. New ownership has the unique opportunity to capitalize on a well located value-add student housing property in a Tier-1 market at a major discount to replacement cost today.

Alabama Licensee:

Buff Teague

M: (251) 341 1611

License #: AL-83353-0



Caractéristiques de l'actif

Nombre d'unités
228 Unité de mesure
83,00 %
Année de construction
Surface de l'actif Net
25 334 m²


Points clés d'investissement

  • Tier 1, Power 5 University - The University of Alabama is a founding member of the Southeastern Conference (SEC).
  • Record Enrollment - Record enrollment of 38,645 students in Fall 2022 was boosted by the largest freshman class in the University’s history with 8,037 students, a 6% increase in freshman enrollment over last year.
  • Offered at a Significant Discount to Replacement Cost - The Property is offered at an attractive basis that reflects a 60%+ discount to replacement cost.
  • Strong Submarket Performance - The Property is located in one of the strongest performing submarkets where comparable properties are all 95%+ occupied and are either fully pre-leased or tracking to 100% pre-leased with strong year-over-year rental rate increases.
  • Superior Asset Quality & In-Demand Amenities - Evolve Tuscaloosa is a modern student housing community that offers a complete amenity package.

Evolve Tuscaloosa 4_Actifs en vente
Evolve Tuscaloosa 4_Actifs en vente

Contacter l'équipe

Evolve Tuscaloosa (0 actifs)
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Dernière mise à jour
15 juin 2023