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Emma at Arabella Village – Phase III

Tanner, Alabama

Emma at Arabella Village Phase 3 in Huntsville, Alabama, includes 282 units and is part of our Build-to-Rent allocation, which represents 70% of the fund.
Fully Funded
100%
IRR: 26.0%
Equity Multiple: 2.08x
Time Frame: 4 Years

You can achieve this IRR by investing in the Arabella Real Estate Fund.

Emma at Arabella Village Phase 3 is a Build-to-Rent project in Huntsville, Alabama, consisting of 282 units made up of 42 townhomes and 240 apartments. The original plan was to sell these as developed lots, but in 2024 we pivoted to combine this phase with Phase 1 to create a fully amenitized rental community.

Huntsville has become one of the fastest-growing markets in the Southeast, driven by strong job growth, population inflows, and housing demand. By bringing together a mix of townhomes and apartments, this development is designed to capture that demand.

Project Photos

Property Awaiting Permitting Approval Prior to Breaking Ground (2025)
Site Clearing Completed (2024)
Early Progress with Site Clearing (2023)

Project Updates

At any given time, our portfolio includes projects in different phases—acquisition, development, stabilization, and exit. That’s by design. This staggered structure allows us to generate consistent cash flow while building long-term value, freeing us to sell, hold, or refinance based on what the market demands, not arbitrary dates.

Here’s where our projects stand today.

August 20, 2025

Received Zoning Approval

This month, after addressing the final round of comments on our zoning plans, we successfully...

August 20, 2025
June 30, 2025

Awaiting Zoning Approval

April 2025 – Submitted zoning plans for approval.May 2025 – Received and addressed comments on...

June 30, 2025
April 16, 2025

Zoning Plans Submitted

Q3 2024 – Received a preliminary site plan with the intent to build apartments.Q4 2024...

April 16, 2025
February 12, 2025

Rezoning Process Underway

Update: Emma at Arabella Village Phase 3The original business plan was to build multi-family (apartments)...

February 12, 2025
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