(To read more on the multifamily market, click here.)
HUNTSVILLE, TX-A Pennsylvania REIT has acquired 26 acres nearSam Houston State University for $1.8 million to develop 318 classA student-housing apartments. The 228-unit first phase is targetedfor a fall 2007 opening.
The Newtown Square's GMH Communities Trust development team wasunavailable by publication time to comment on the groundbreakingand construction details. According to a recent construction reportfrom American School & University magazine, the mediancost for similar developments is $20.4 million.
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