CrestMarc, Midloch acquire 294-unit apartment property near Sam Houston State University

CrestMarc, Midloch acquire 294-unit apartment property near Sam Houston State University

CrestMarc and Midloch Investment Partners acquired The Forum at Sam Houston, a 294-unit apartment property serving the Sam Houston State University (SHSU) community in Huntsville, Texas, just north of Houston. Built in 2010, The Forum at Sam Houston features a mix of studio, one, two, and three-bedroom units. The average unit size is 800 square feet. Community amenities include a resort-style pool with sun deck, sand volleyball court, basketball court, 24-hour clubhouse and study lounge, 24-hour fitness center, bark park, complimentary Starbucks Coffee bar, and private shuttle to the SHSU campus. The Forum is located just 0.4 miles from Sam Houston State University, which has a highly stable and growing student population. Enrollment is approximately 21,000 students. No new competitive purpose-built developments are currently planned in the submarket, supporting sustained leasing strength, continued rent growth, and value creation.