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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.

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

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