The Multifamily Group (TMG), a Dallas-based commercial real estate brokerage firm, announced this week that it had facilitated the sale of Country Place Apartments in Killeen. Jon Krebbs represented the seller and procured the buyer.
Krebbs commented: “This is the second time we sold Country Place in just two years. Prices in Killeen have steadily gone up as demand to invest in the market increases. This time around, we procured a new out-of-state buyer to the Killeen market.”
Constructed in 1996, Country Place features A-class amenities such as a resort-style pool, playground, basketball court, business center, covered parking, a dog park, and a 24-hour fitness center. The asset also features an attractive unit mix with four different floor plans, all of which are 2-bedroom units.
Krebbs added: “Killeen continues to prove to be a great market for investors. Making the Forbes list of Hottest Housing Markets in 2020 and 2021, along with steady rent improvements of over 6 percent, are just a small part of the reasons investors look to make their claim in this market.”