Cushman & Wakefield Arranges Sale of 528-Bed Student Housing Community in Birmingham

Birmingham, Ala. — Cushman & Wakefield has arranged the sale of The Alden, a 528-bed student housing community located in Birmingham. Travis Prince, Shawn Lubic, Victoria Marks, Jimmy Adams, Craig Hey and Andrew Brown of Cushman & Wakefield brokered the disposition from Saban to Two Waters Capital Management Saban for an undisclosed price. The property is set to undergo renovations under the new ownership including upgrades to unit interiors, the clubhouse, amenities and other common areas. The community will also be converted from student housing to conventional multifamily units.