ALTURA Student Living

SP Multifamily Group is pleased to present Altura Student Living, a 320-bed student housing community in Tallahassee, FL, offering investors the opportunity to acquire a recently redeveloped, institutional-scale asset positioned to serve the growing Florida A&M University student population.

Comprehensively redeveloped in 2023, Altura features upgraded interiors, bed/bath parity, and a market-leading amenity package that sets it apart in the FAMU student housing market. The asset benefits from a favorable supply-demand dynamic, with limited directly competitive off-campus supply serving FAMU amid record application levels and projected enrollment growth. Despite its improved physical product and amenity offering, in-place rents remain meaningfully below nearby comparables, creating an attractive path for continued revenue growth. Positioned within Tallahassee’s rapidly evolving Southside corridor, Altura combines scale, modern product, growing university demand, and embedded upside within an area benefiting from significant ongoing public and private investment.