ARA Newmark Arranges Sale of Two Communities in Alabama, Texas

Z Islander — located in Bryan, Texas — serves students at Texas A&M University and Blinn College. (Image courtesy of zislander.com) Z Islander — located in Bryan, Texas — serves students at Texas A&M University and Blinn College. (Image courtesy of zislander.com)

Tuscaloosa, Ala. and Bryan, Texas — ARA Newmark has arranged the sale of two student housing communities located in Alabama and Texas.

Dispositions include The Bluff at WaterWorks Landing, a 308-bed community located near the University of Alabama in Tuscaloosa; and Z Islander, an 864-bed community located near Texas A&M University and Blinn College in Bryan, Texas. Ryan Lang and Brandon Buell of ARA Newmark represented IMS Management, an Alabama-based real estate development and management firm, in the sale of The Bluff at WaterWorks Landing to Blue Vista Capital Management for an undisclosed price. Lang and Buell also represented ILM Capital in the disposition of Z Islander to Waypoint Residential for an undisclosed price.

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