Landmark

About Landmark

The Cushman & Wakefield Sunbelt Multifamily Advisory Group is pleased to present the exclusive listing of the Landmark apartment community in Tuscaloosa, Alabama. Located in the thriving southeast metro, Landmark offers excellent access to retail along Skyland and McFarland Boulevards and prime connectivity to I-20/59 (65K+ VPD) and I-359 (57K+ VPD). Built in 2007, the community is 93% occupied and features strong recent performance with 11% blended rent growth and 16%+ NOI growth over the last ten months. Although Landmark is a conventional asset (<10% student concentration), the property benefits from proximity to the University of Alabama (41K students) and visibility along Old Montgomery Highway. The offering also includes ~9 acres of multifamily-zoned frontage land in a submarket that has seen 35% rent growth over five years amid limited new supply. Landmark’s prior renovations position the next investor to drive $309K+ NOI uplift (21% ROI) through a value-add 2.0 program across all units.