Investment Overview

The Cooper Multi Housing group along with the Gulf States office of Marcus Millichap is pleased to present the exclusive opportunity to acquire University Crossings, a 210 unit multifamily community located in Birmingham, Alabama. Situated within one mile of the Birmingham Central Business District and all major demand drivers, University Crossings will arrive to market boasting considerable upside operationally and having experienced a $35,000/unit+ interior and exterior full reposition over the past 5 years. This capital effort included comprehensive window, sliding glass door, and roof replacements, full exterior paint and landscaping overhauls, and fully renovating 100% of unit interiors. Even with these new rental rates, University Crossings remains an average of $150/month below the submarket comp set, giving future ownership the ability to step into immediate gain-to-lease potential. Situated within minutes of The University of Alabama at Birmingham as well as centrally located to all the area’s major demand drivers, University Crossings is being offered at nearly half of the per unit pricing as the immediate sales comp set and will afford future ownership the opportunity to acquire critical mass and a fully repositioned asset in a market with a historically high conventional workforce housing demand.