| Last Updated ( 07/28/2010 15:02 ) | |
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| ARA Brokers Sale of Two Communities Near Sam Houston State |
 Huntsville, Texas — Apartment Realty Advisors (ARA) has brokered the sale of two off-campus student housing communities in Huntsville that serve the students of Sam Houston State University. Both properties are within walking distance of the school. Woodcreek Apartment Resort is a 196-unit property located at 1235 Josey St., and Cornerstone Apartment Homes is an 83-unit property located at 22090 Bobby K. Marks Drive. Both properties were built in 1983 and both feature swimming pools and hot tubs. The buyer was a San Antonio-based private investment group. Jeff Patterson and Kelly Witherspoon of ARA's Secondary Markets team, along with Chris Bancroft and Chris Epp of the firm's National Student Housing Group, represented the seller, a Texas-based private investment company.
— Coleman Wood
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