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HOUSTON — Resource Real Estate Opportunity REIT has purchased the 244-unit Armand Place in the Clear Lake community in Houston. The multifamily community features two swimming pools, a 24-hour fitness center, wood-burning fireplaces and shuttle services to the University of Houston-Clear Lake. Resource plans to make capital improvements to the property in the near future. Resource Real Estate Opportunity REIT is sponsored by Philadelphia-based Resource Real Estate Inc., a real estate investment and management firm.