Clear Lake's Armand Place swaps hands, armsClear Lake's Armand Place swaps hands, armshttps://www.recenter.tamu.edu/news/newstalk-texas/?Item=75312013-04-29T10:20:00Z2013-04-29T00:00:00Z

CLEAR LAKE - Armand Place, a 244-unit apartment complex at 300 Cyberonics Blvd., has been purchased by Resource Real Estate Opportunity REIT for $11.8 million.

Constructed in 1979, the 20-building complex sits on ten acres. It is currently 93 percent leased.

The buyer plans to make improvements to apartment interiors as well as to common areas and landscaping.

Houston-The Woodlands-Sugar Land
http://www.prnewswire.com/news-releases-test/resource-real-estate-opportunity-reit-buys-armand-place-203762131.htmlRead more at {Source}

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