WACO, TX-Woodlark Capital LLC, a privately owned real estate company from White Plains, NY that specializes in student-housing properties, has purchased the Outpost@Waco, a 195-unit student housing complex on 20 acres. Sources say the asset sold for roughly $30 million.

Woodlark, a five-year-old company that owns or controls over 4,000 units in 12 states on behalf of TIC investors, bought the six-building complex at 2415 S. University Parks Dr. from Royal Properties of Champaign, IL. It also recently purchased the Reserve, a 276-unit student-housing property at 13903 Babcock Rd. in San Antonio, from Royal for an estimated $40 million.

Robert Stone, a first vice president in the Detroit office of CB Richard Ellis who represented both sides in the two transactions, says he can’t comment on either sale. The property reportedly sold for its asking price.

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