COLLEGE STATION – A joint venture between Ares Management Corp. and Timberline Real Estate Ventures has purchased Northpoint Crossing, a 1,842-bed student housing community at 1501 Northpoint Ln.
Built in 2014, the property has one- to four-bedroom units.
Amenities include a 24-hour clubhouse, two fitness centers, two computer labs, game rooms, outdoor grilling stations, sauna and steam rooms, and rooftop terrace.
Newmark represented the sellers, Woodridge Capital and funds managed by Oaktree Capital Management L.P.
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Source: REBusiness Online