DLP Capital announces the purchase of Grand at Rum Creek, a 263-unit rental home community located in Tuscaloosa, AL. Tuscaloosa is home to the University of Alabama and more than 38,000 students.
DLP Capital will expand Grand at Rum Creek’s resident base from students only, into a community that serves students, university staff, and community members and families. Units will be leased at rental prices that are affordable to the local community, ensuring residents can afford to live where they work.
Located at 5621 AL-69, Tuscaloosa, AL 35405, south of campus, Grand at Rum Creek features Studio, 1, 2, 3, 4, and 5 bedroom units. The property has best in class amenities, including a resort-style pool with a large hot tub, the largest fitness center in Tuscaloosa, yoga studio & spin room, full-size basketball court, sand volleyball court, tanning beds, theater room, pet park, poolside grills, cyber cafe, as well as 938 onsite parking spaces.
“We see college towns as a sustainable, recession-proof investment for DLP Capital,” said DLP Capital Founder and CEO, Don Wenner. “As long as there will be students attending college and faculty and support services to serve them, there will be a consistent need for housing. We plan on having Grand at Rum Creek serve University of Alabama students, staff, and community members for years to come.”
Grand at Rum Creek perfectly fits DLP Capital’s IMPACT mission to provide naturally occurring affordable housing to residents of the communities it serves.