Evolve terminates leases, turns apartments into condos ...Middle East

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Evolve terminates leases, turns apartments into condos
As the demand for affordable housing for UA students in Tuscaloosa increases, Evolve Tuscaloosa announced that it would be terminating most of its residents’ leases for the 2024-25 school year.  The complex, previously owned by Article Student Living, was sold to LRC Commercial in January. According to its website, LRC Commercial “acquires and repositions underperforming Multi-Family and Self-Storage Assets.”  The apartment complex, which will be renamed to Watercress, plans to renovate many of its apartments and turn them into condominiums.  During the first week of February, residents were notified via email of new management taking over the complex but were assured that their leases would

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