New Offering: 122-Unit University of Alabama Student Housing Conversion Opportunity | Opportunity Zone

Download Offering Materials: Tuscaloosa Studios

Capstone Apartment Partners is pleased to present the temporarily branded Tuscaloosa Studios, a hotel redevelopment opportunity located in Tuscaloosa, Alabama. Currently operated as a 122-key Americas Best Value Inn, the asset presents an exceedingly rare opportunity to reposition the existing property into student housing.  The lower construction and redevelopment costs allow developers to provide competitive housing without incurring the expenses that exist with ground-up construction, while also being eligible for Qualified Opportunity Funds. The incredible accessibility to the University of Alabama, in addition to the strength of the surrounding multi-family fundamentals, make the Tuscaloosa Studios an appealing investment opportunity.

Investment Highlights
Opportunity Zone Tax Benefit
Proximity to University of Alabama and Retail
Redevelopment Opportunity
Located On a Bus Line to Campus

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