Time Equities Acquires Student Housing Near Sam Houston State University For $25.75M

The Armory at Sam Houston, a student housing complex near Sam Houston State University, was sold for $25.75 million. The property consists of 145 units, equating to a price per unit of $177,586. Located at 2257 South Sam Houston Avenue in Huntsville, this asset serves as student housing with 502 beds.

Summary of transaction details:

• Property Type: Student Housing
• Transaction Amount: $25,750,000
• Units: 145
• Price Per Unit: $177,586
• Address: 2257 South Sam Houston Avenue
• Market: Huntsville
• Asset Type: Student Housing
• Beds: 502

Bobby Cohan of Time Equities was the buyer in this transaction, acquiring The Armory at Sam Houston. On the other side, Zack Markwell of Stonemont served as the seller, with Newmark representing Stonemont. Time Equities focuses on expanding its student housing portfolio and targets assets that serve public, tier 2 institutions with a student population ranging from 10,000 to 20,000.