Blue Haus

Blue Haus

0 Units
0 Beds
Year Built: 0

University of Alabama

Tuscaloosa, AL

About This Listing

About This Listing

TSB Realty, LLC has been exclusively engaged by ownership to sell Blue Haus, a boutique 84-unit, 114-bed garden-style purpose-built student housing community serving the University of Alabama in Tuscaloosa, Alabama. Blue Haus is 97% occupied for AY 24-25 and 98.3% preleased for AY 25-26 at rates that represent 2.9% YOY rent growth.

Built in 2019, the property consists exclusively of one- and two-bedroom units. This unit mix is difficult to replicate economically, creating a supply-constrained competitive advantage and appealing to students seeking more privacy and space. All units feature bed-bath parity.

Blue Haus offers a robust amenity package tailored to modern student living. Each unit features stainless-steel appliances, granite countertops, in-unit washer and dryer, walk-in closets, and 9-foot ceilings. Blue Haus provides high-speed internet, a 24/7 Luxer One package locker system for secure and convenient package delivery, beautiful landscaping, and on-site parking. Additional amenities include private balconies on all units, kitchen pantries, and furnished units.

Property Highlights

Property Highlights

Mark-to-Market Upside / Outsized Rent Growth Potential
– Current rents are underpriced in relation to comparable PBSH properties in the market.
– One-bedroom units are renting 12% below the lowest market rent and 35% below the average for comparable units.
– Two-bedroom units are renting 2% below the lowest market rent and 39% below the average for comparable units.

Convenient Location Proximate to Campus
– Blue Haus is conveniently located just minutes from the University of Alabama’s campus.
– Situated adjacent to Midtown Village, residents enjoy easy access to a variety of retail, dining, and entertainment options, while the University’s core campus is within close reach.
– The property’s proximity to major roadways ensures swift connections to both the northern campus boundary and the surrounding community.

High Barrier to Entry Market & Limited Future Pipeline
– There are very few developable sites available within a mile of campus, and even fewer that can be entitled for student housing developments of scale due to current zoning restrictions.
– A moratorium restricting student housing developments over 200 beds remains in effect, with multiple extensions since its introduction, most recently in May 2022.
– Currently there is only one proposed project consisting of 190 beds located 0.72 miles from campus.

Extraordinary University Growth
– The University of Alabama has seen extraordinary enrollment growth over the past five years adding 3,000+ students in that span.
– Fall 2024 marked the University’s first time exceeding 40,000 students, including 3,434 in-state freshmen, representing a 7.9% increase in the number of in-state freshmen, the largest in history.
– The University is also retaining more students than ever with an impressive 89.5% second-year retention rate.

Tier 1 / Power 4 / Flagship University
– The University of Alabama is a founding member of the prestigious Southeastern Conference (SEC).
– The University is a national powerhouse in athletics, with 18 football national championships, most recently in 2020.
– Its iconic football stadium seats over 100,000, ranking among the largest on-campus stadiums in the country.​​​​​​​

Let's Talk

Let's Talk

Relationships drive what we do at TSB Realty. Call us at (610) 905-1647 or send us a message, and let’s see what our team can do for you.

"*" indicates required fields

Name*
This site is protected by reCAPTCHA and the Google Privacy Policy and Terms of Service apply.