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Atlas Real Estate Unloads Angelo Place

Atlas Real Estate Partners sold Angelo Place, a 480-bed, 120-unit student housing complex that serves students attending Angelo State University in San Angelo, TX. The New York City-based seller ended a 6-year hold with the sale to an undisclosed buyer.

Chris Epp, Chris Bancroft, Meredith Wolff and Craig Miller with FourPoint Multifamily Investments represented the seller in what was a value-add opportunity. According to the brokers, the offering attracted significant investment from “a wide spectrum of buyers.”

Angelo Place Apartments is situated on 8.7 acres at 1426 Western Court. Floor plans consist of four bedrooms/four bathrooms, with on-site amenities including a 24-hour fitness center, tanning facility, sand volleyball court, resort-style pool with poolside cabana and outdoor community kitchen and barbecue grills.

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About Mark El-Rayes

Mark El-Rayes is an award winning designer and photographer from Beirut, Lebanon. El-Rayes has over 15 years in the design industry, 5 years of which he served as a Mass Communication Specialist in the United States Navy at Naval Air Station North Island, Navy Public Affairs Support Element - West (NPASE). El-Rayes is a full-stack developer, seo specialist, photographer, and artist.