Unavailable: Killeen 132
Killeen, TX
We are thrilled to announce our newest hotel to apartment conversion project; a 132-unit hotel in the rapidly growing city of Killeen, TX.
With a population of over 163,000, Killeen has enjoyed rapid growth of more than 88% since 2000. Killeen is quickly becoming a commuter town to North Austin and Waco, being only a one-hour drive away.
Killeen’s Fort Hood Military Base employs nearly 60,000, and is set to receive $1.65B in government investment over the next ten years, ensuring sustained growth for the broader Killeen economy.
With 132 rooms, this conversion opportunity is not only an advantageous value-add investment, but also a necessary housing alternative for the local community.
KEY INFORMATION
Internal Rate of Return
0
%
Accredited Only
$55K / door
PURCHASE PRICE + REHAB
18.3%
TARGET NET INVESTOR IRR
36 mos
TARGET REFINANCE
$95K / door
EXIT SALE PRICE TARGET
1.72X
EQUITY MULTIPLE
60 mos
TARGET SALE
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