Audubon, a rental housing investment company, announced the acquisition of Scholar Birmingham, a high-rise apartment community located in the vibrant Five Points neighborhood of Birmingham, Ala.
“We are thrilled to bring our vision for Scholar Birmingham apartments to life,” said Myles Cunningham, managing partner and CIO at Audubon. “The Five Points neighborhood is known for its unique character and vibrant community, and we are dedicated to enhancing the property to match. With our extensive investment, we aim to provide an exceptional living experience for our future residents.”
Scholar, a 198-unit property, was developed as student housing in 2020. Audubon plans to transition the property to market-rate housing, aligning with the company's mission to enhance lifestyles while making an impact by providing high-quality living spaces in thriving urban environments.
Audubon’s renovation plan includes modernizing the interiors and enhancing community am
