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Role

RPL provided diligence services for the equity investor and watched over the development through completion of the project.

Unique Approach

• Tight site and restrictions on performing work so close to campus and the football stadium
• Challenges with adequate local labor and materials

Outcomes

• Project completed within budget
• Students moved in on time
• Refinanced stabilized property

Scope of Work

Development of a new 296-bed student housing project adjacent to the University of Alabama main campus.

Project Summary

• Client: Equity group of confidential insurance carrier
• Location: Tuscaloosa, AL
• Size: 296 beds, 132 units, 263,000 SF
• Timeline: 2019 to 2020
• Services: Due Diligence & Development Oversight
• Cost: $ 50 million
• Architect: Dwell Design Studio
• Contractor: Rabren General Contractors