ARA Newmark Arranges Sale of Four Student Housing Properties in Texas
AUSTIN, TEXAS — ARA Newmark’s Student Housing Group based in Austin has arranged the sale of four student housing properties located in Texas. Dispositions include Rio West, a 388-bed community located near the University of Texas in Austin; Javelina Station, a 360-bed community located near Texas A&M-Kingsville in Kingsville; Brook Place, a 534-bed community located near Sam Houston State University in Huntsville; and The Timbers, a 253-bed community located near Texas State University in San Marcos. North Star Asset Management Co. sold Rio West to Columbus Nova, with Coastal Ridge Real Estate as its operating partner. Oldham Goodwin Group sold Javelina Station to Houston-based ApexOne Investment Partners. ApexOne Investment Partners sold Brook Place to Campus Advantage. University Communities sold The Timbers to Jacobson Cos. Ryan Lang of ARA Newmark represented the sellers in each of the transactions.