The Edge

University of South Alabama
156 Units | 560 Beds

TSB Realty was engaged by University Student Living to sell The Edge on Old Shell Road via a fully marketed process. TSB Realty secured multiple offers for the property from proven buyers. The property was successfully sold in 2016 to an affiliate of Alden Street. TSB Capital Advisors arranged the initial JV equity and construction loan for the development of The Edge on Old Shell Road.

Property Summary
• Luxury, purpose-built, Class AAA student apartment community
• 156 Units | 560 Beds
• Year Built: 2013
• Deal Closed: 2016

Property Amenities
• Ideal location next to the University of South Alabama campus
• Saltwater pool with tanning ledge and poolside outdoor movie theater
• 8,300-square-foot clubhouse
• Grass and water volleyball courts
• Fitness center

Property Description
The Edge on Old Shell Road is located at one of the main entrances to the University of South Alabama campus, a rapidly expanding university with an enrollment goal of 20,000 by 2024. Designed as a first-class, luxury, student-oriented apartment community, the property offers a mixture of two-, three- and four-bedroom unit types with a one‐to‐one bedroom to bathroom ratio. The average unit size exceeds 1,200 square feet and each is fully furnished. Unit amenities include a full‐size washer and dryer, state‐of‐the‐art appliances, patio/balcony and a 42-inch high definition TV in the living room. The Edge further stands out from the competition when it comes to its best-in-class community features, such as an 8,300-square-foot clubhouse, saltwater pool with tanning ledge, hot tub, poolside outdoor movie theatre, grass and water volleyball courts, fitness center, computer center, media center, study rooms, game room, barbecue grill area and tanning beds. In addition, the property includes 575 parking spaces to serve its residents. The Edge’s combination of convenient location, luxury accommodations and state-of-the-art amenities provide USA students the best opportunity to succeed.