Sub Markets

Property Sectors

Topics

Texas CRE News In Your Inbox.

Sign up for Connect emails to stay informed with CRE stories that are 150 words or less.

New call-to-action
Texas  + Apartments  | 

Multifamily Group Closes Killeen Sale

The Multifamily Group (TMG) recently sold the 250-unit Arbors Edge in Killeen. TMG managing partner Paul Yazbeck worked with the Illinois based seller and procured the buyer in a deal that’s reportedly the largest apartment trade in Killeen this year.

The sale marks TMG’s 14th transaction in the Killeen market in the past three years and the firm says it was especially challenging, given the available debt financing for distressed properties.

“We’re excited to be able to help clients with their disposition and acquisition plans, and this deal required both parties to work creatively and collaboratively to get this deal closed during the pandemic,” said Yazbeck.

Arbors Edge was built in 1966 and provides an opportunity for the new owner to re-position the property by doing both interior and exterior renovations. Wehner Multifamily will be taking over third-party management for the property.

For comments, questions or concerns, please contact Paul Bubny

Connect

Inside The Story

Connect With TMG's Yazbeck

About Paul Bubny

Paul Bubny serves as Senior Content Director for Connect Commercial Real Estate, a role to which he brings 16-plus years’ experience covering the commercial real estate industry and 30-plus years in business-to-business journalism. In this capacity, he oversees daily operations while also reporting on both local/regional markets and national trends, covering individual transactions across all property types, as well as delving into broader subject matter. He produces 7-10 daily news stories per day and works with the Connect team and clients to develop longer-form content, ranging from Q&As to thought-leadership pieces. Prior to joining Connect, Paul was Managing Editor for both Real Estate Forum and GlobeSt.com at American Lawyer Media, where he oversaw operations at both publications while also producing daily news and feature-length articles. His tenure in B2B publishing stretches back into the print era, and he has served as Editor in Chief on four national trade publications. Since 1999, Paul has volunteered as the newsletter editor of passenger rail advocacy groups (one national, one local).

  • ◦Sale/Acquisition
New call-to-action