CBRE Arranges Sale of 868-Bed Community Near the University of Alabama

Tuscaloosa, Ala. — CBRE has arranged the sale of The Grand at Rum Creek, an 868-bed student housing community located near the University of Alabama in Tuscaloosa. The complex is comprised of 21 four-story apartment buildings. Shared amenities include a fitness center with a yoga studio and spin room; basketball and volleyball courts; and a resort-style swimming pool. Jaclyn Fitts, William Vonderfecht, Casey Schaefer, Brett Kingman and Russell Oldham of CBRE arranged the disposition of the property to Tailwind Group on behalf of the undisclosed seller. Terms of the transaction were also undisclosed. 

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