Cushman & Wakefield arranges sale of Thayer Point multifamily community

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Thayer Point
Cushman & Wakefield arranged the sale of Thayer Point, a 266-unit multifamily apartment community located in Killeen, Texas.

Cushman & Wakefield announced that the commercial real estate services firm has arranged the sale of Thayer Point, a 266-unit multifamily apartment community located in Killeen, Texas. John Carr and Ben Fuller of Cushman & Wakefield represented the seller, Killeen MFD, LLC, in the transaction.

“Thayer Point experienced a rapid lease up, which is indicative of the strong fundamentals within the Killeen and Temple marketplace, as well as the Central Texas marketplace as a whole,” said Carr, Senior Director at Cushman & Wakefield. “We continue to see more sophisticated investors place capital within these secondary markets in Central Texas in their search for more significant yields.”

Thayer Point was built in 2019 and is located at 5002 Thayer Dr. in the thriving city of Killeen. Conveniently located near Interstate 14, the apartment community provides convenient access to nearby neighborhoods and the broader central Texas region.

Residents of the apartment community enjoy a superior living environment with units that have top-of-the-market finishes including custom cabinetry, granite countertops, and wood look flooring. Amenities include a fitness center, clubhouse, pool and pet park

Cushman & Wakefield’s Sunbelt Multifamily Advisory Group ranks No. 1 in Sunbelt market share based on over 250 transactions and $6.2 billion in multifamily and land investment sales in 2020 (Source: Real Capital Analytics). Market share reflects number of sales for Alabama, Arkansas, Northwest Florida, Georgia, Kentucky, Louisiana, Mississippi, North Carolina, South Carolina, Tennessee and Texas.