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HOUSTON — ARA has arranged the sale of the 250-unit Compass Pointe, a multifamily property located in Houston. The community was built in 1971 and is currently 75 percent occupied. Matt Saunders, Russell Jones and Zach Springer of ARA represented the seller, Arizona-based PEM Real Estate Group, in the transaction. The buyer was the Dallas-based Urban Southwest Capital, which plans to continue the community's rehab program that PEM began initially.