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 HOUSTON—Resource Real Estate Opportunity REIT, sponsored by Resource Real Estate, Inc., a national real estate firm specializing in opportunistic and value-add investing and financing, has purchased Armand Place, a 244-unit complex consisting of 20 units across 10 acres.

The property is located in Clear Lake, and offers its tenants two swimming pools, a 24-hour fitness center, wood-burning fireplaces, parking and a shuttle service to the University of Houston-Clear Lake. Residents also benefit from a diverse local employment base that includes professionals in the aerospace, education, engineering, petrochemical, and technology industries, and points of interest including the University of Houston-Clear Lake and the nearby Johnson Space Center.

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