HOUSTON–Rockstreet Partners has expanded itsstudent housing portfolio with the purchase of Brook PlaceApartments. The 532-bed property at Sam Houston StateUniversity in Huntsville, TX was built in 2004 and is 95%pre-leased for the upcoming school year. The purchase price was notdisclosed.

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“We're very pleased to be serving the Sam Houston community,”says John Turner, a principal and co-founder atRockstreet Partners. “This is one of Texas' faster growingfour-year, public universities, and we believe Brook Place's stronghistorical occupancy and proximity to campus make this assert anexcellent addition to our portfolio.”

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Amenities include a fitness center, resort-style pool,basketball court, sand volleyball court and computer lab.

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The student housing property was purchased in conjunction withjoint venture partners ApexOne InvestmentPartners.

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The purchase of Brook Place Apartments is thesecond Rockstreet and ApexOne have partnered on. As GlobeSt.comreported in April, the JV purchased the College Edge Apartments inBryan, TX. The 400-bed community serves as housing for bothBlinn College and Texas A&M University students.

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Properties like Brook Place Apartments and College EdgeApartments fit perfectly into Rockstreet's preferred investmenttype – student properties at mid-sized Texas universities.

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“The state's high population growth generally, coupledwith the greater proportion of young people seeking collegedegrees, has underlined a near 50% aggregate total enrollmentgrowth across the state's four-year public universities since2000,” says Rocksteet co-founder, Travis Furr.

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