Newmark Closes Sale of Premier Student Housing Asset Serving Sam Houston State University in Huntsville, Texas
May 14, 2024
May 14, 2024
NEW YORK, May 14 -- Newmark Group issued the following news release:
Newmark announces it has completed the sale of The Armory, a premier student housing property located near Sam Houston State University (SHSU) in Huntsville, Texas. The property, which features 145 units and 502 beds, traded from Stonemont Financial - a real estate investment and development firm headquartered in Atlanta - to the New York-based full-service real estate company Time Equities, Inc. The asset was 96% . . .
Newmark announces it has completed the sale of The Armory, a premier student housing property located near Sam Houston State University (SHSU) in Huntsville, Texas. The property, which features 145 units and 502 beds, traded from Stonemont Financial - a real estate investment and development firm headquartered in Atlanta - to the New York-based full-service real estate company Time Equities, Inc. The asset was 96% . . .