- 90-bed student housing property less than a mile from Troy University
- Unit mix features 3-bedroom floor plans with bed/bath parity
- Comprised of 15 buildings, each with 2 units, built in 2009
- Value-add potential includes physical upgrades over time
- Immediate operational enhancements through utility charges and market rent growth possible
- Rents increased over 15% from AY 2024-2025 to AY 2025-2026 in current pre-leasing
Easy Street
Easy Street is a 90-bed student housing property strategically located less than a mile from Troy University in Troy, AL. The asset comprises a mix of 3-bedroom floor plans, featuring bed/bath parity across 15 buildings, each housing two units. Built in 2009, Easy Street presents significant potential for physical enhancements over time, as well as immediate operational improvements through utility charges and the ability to capture organic market rent growth. Notably, current pre-leasing data indicates that rents have risen by over 15% from the 2024-2025 academic year to the 2025-2026 academic year, highlighting a thriving rental market.
Troy University
Troy University, established in 1887 in Troy, Alabama, has evolved into a vibrant institution, offering a diverse range of undergraduate and graduate programs across fields such as business, education, health sciences, and the arts. The university boasts an active student life, enriched by numerous organizations and NCAA Division I athletics, with a particular spotlight on its football program.
In pursuit of continued growth, Troy University has embarked on several ambitious development projects. Among them is an $11.6 million Indoor Practice Facility, set to open in August 2025, which will provide students and athletes with enhanced training opportunities. Additionally, the new Health Sciences building, Jones Hall, will feature advanced laboratories to support cutting-edge research and learning. The campus lagoon area is also undergoing renovations, introducing new walking trails and improved lighting for a more inviting environment. These initiatives illustrate Troy University’s dedication to enhancing both its infrastructure and academic offerings, ensuring a better experience for its students.
