A large multifamily property was sold in Killeen in central Texas this month.
JLL represented the seller, California-based NALS Apartment Homes, and originated Fannie Mae acquisition financing on behalf of the buyer. This was handled by Sean Sorrell, Steven Hahn Jr., Art Barnes, Ryan McBride, Joe Dowdle, Nicole Fontaine and Sam Nichols. C.W. Sheehan, Matthew Ctvrtlik and Scott Dickey also originated the Fannie Mae acquisition financing on behalf of the borrower.
“The 200-unit Killeen multifamily sold,” Providence Group Realty said in a post to its official Twitter account on Aug. 17.
The property counts with one and two bedroom units, as reported by Newstalk Texas. The amount of the sale has not been disclosed, but the fund was backed by GPI Real Estate, according to Rebusiness Online. Each unit ranges in size from 450 square feet to 1,100 square feet.
The Texas Real Estate Research Center reports that the multifamily property was built in a garden style. There are both one and two bedroom units on the property. The facility includes a pool, dog park, outdoor grilling stations, a business center, a fitness center and on-site laundry facilities as amenities.
Units in the development also include private balconies and patios, according to Rebusiness Online.