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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