— Differentiated Unit Mix
The Cottages at Lake Tamaha is the only student housing property serving University of Alabama with an exclusively cottage-style unit mix. The spacious units are particularly appealing to students looking for a larger, more private floor plan with dedicated common area and entertainment space in each unit. The smallest floor plan at the property, the two-bedroom Birchmore, is a two-level unit that is over 1,250 SF. To put that in perspective, most competitor’s four-bedroom unit types are a similar size or smaller.

— Convenient Location Proximate to the University
The property is located conveniently off of Jack Warner Parkway—a main road that runs parallel to the William Bacon Oliver Lake—which leads directly into the northern campus boundary. For residents who prefer not to drive or bike, the property runs a daily private shuttle that stops at The Strip in the heart of campus. The Cottages are adjacent to and overlook the beautiful Lake Tamaha, which is a tree-lined oasis with running paths and easy kayak access.

— Extraordinary University Growth
The University of Alabama has seen extraordinary enrollment growth over the past decade, adding 4,600+ students in that span. Fall 2024 marked the first time that the university has surpassed 40,000 students and it is largely the result of more in-state students, which is outpacing the state’s population growth, increasing 7.9%. The school is also retaining more students than ever with an impressive 89.5% second-year retention rate.

— Full-Scale Recent Renovation Cycle
The Cottages at Lake Tamaha recently underwent a broad scope renovation cycle designed to modernize both units and common areas, and update large maintenance items throughout the Property. Unit renovations include stone countertops and undermount sinks, stainless steel appliances, furniture upgrades, and the new tech units at the property, which feature Smart TV’s, iDevice outlets, and Smart Locks. The amenity refresh is headlined by updated basketball and tennis courts, 18-foot jumbotron by the pool for watch parties, and new seating, lighting, and paintwork in the clubhouse. Every building at the property was outfitted with a new roof in 2023.

— Tier 1, Flagship University
The University of Alabama is a founding member of the esteemed Southeastern Conference and has historically been a national powerhouse in athletics, most notably in college football where it has won 18 national championships with its most recent in 2020. Its iconic football stadium seats over 100,000 and makes it one of the largest on-campus football stadiums in the country.

— Offered at a Discount to Replacement Cost
The Cottages at Lake Tamaha is being offered at an attractive basis that reflects a discount to replacement cost in today’s development market.