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WACO, TEXAS — ARA Newmark has arranged the sale of The Hype, a 200-unit student housing community located near Baylor University in Waco. Community amenities of the 430-bed property include a resort-style swimming pool and hot tub, cabanas, water and sand volleyball courts, an outdoor theater, gas grills, an outdoor fire pit, a 24-hour fitness center, an off leash dog park and a five-acre play scape with hammocks and an organic garden. Ryan Lang of ARA Newmark represented the undisclosed seller in the transaction.