Alpha

University of Alabama
263 Units | 698 Beds

TSB Realty was engaged by Trinitas Ventures and Harrison Street Real Estate to sell Alpha in Tuscaloosa, Alabama, via an off-market process directly approaching known core buyers of student housing. TSB Realty secured multiple offers for the property from proven buyers. The property was successfully sold in 2017 to a joint venture of The Scion Group, GIC and the Canada Public Pension Investment Board (CPPIB). Alpha was sold with LUX at Central Park and nine additional properties in a portfolio transaction.

Property Summary
• Five-level luxury student housing community
• Includes covered parking garage
• 263 Units | 698 Beds
• Year Built: 2015
• Deal closed: 2017

Property Amenities
• Minutes from the University of Alabama campus
• Swimming pool and sun deck
• Billiards, theater and gaming area
• 24-hour fitness center
• Outdoor lounge area and fire pits

Property Description
Alpha is a high-quality Tuscaloosa community designed especially with University of Alabama students in mind. Located just minutes from campus, Alpha offers a variety of spacious furnished apartments ranging from studio to four-bedroom floor plans, with a private bathroom for each bedroom. Unit features include hardwood-style floors, granite counters, in-unit laundry, cable TV and high-speed Internet. A full set of community amenities are highlighted by a pool, fitness center, study lounge and more.