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.