September 12, 2019– The Multifamily Group (TMG) has arranged the sale of Country Place Apartments and Summerlyn Apartments, 137 unit and 200 unit multifamily assets respectively, located in the ever expanding Central Texas City of Killeen. Sold by the original developer and built in 1996, the property features a unit mix consisting of five different two-bedroom floorplans and occupancy of 99%.
Paul Yazbeck of The Multifamily Group represented the seller and Jon Krebbs of The Multifamily Group procured a buyer out of DFW who closed the deal. Both parties requested anonymity.
The Multifamily Group has closed nine deals in the Killeen Market in the past 20 Months totaling 1257 units, and currently has two properties in escrow.
In addition to closings and escrows The Multifamily Group is currently marketing the 256-unit apartment complex Century Plaza which next door to County Place as well a 4.69 acre piece of land zoned for multifamily development.