Texas CRE News In Your Inbox.

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

Sub Markets

Property Sectors


Texas  + Austin  + Apartments  | 
Springs at 1100 Killeen TMG

Multifamily Group Sells 18th Killeen Property

The Multifamily Group (TMG) is no stranger to Killeen Texas. TMG represented the seller of The Springs at 1100, a 232-unit garden-style property. It’s the groups second closing this year, with two pending and 18th since 2017.

Built in 1983, the property was 98% occupied at the time of the sale in a submarket with a rental growth rate of 15.6% year-over-year.

Due to a scarcity of units, TMG’s Jon Krebbs says the area is still in an up-market, ” The Springs at 1100 marks a very stable investment with factors like being a Class-B property built in 1983, in a market with no new unit deliveries in the past 12 months.” Krebbs found the buyer, Vista Pacific Inc. TMG’s Paul Yazbeck represented the seller, Rhodium Capital Advisors.


Inside The Story

Jon KrebbsPaul Yazbeck

About Mike Boyd

Mike covers our Texas and Phoenix/Southwest regions. He is a veteran news reporter who spent 10 years in radio and television news, mostly in Tucson, Arizona. Following his career in the media, he spent ten years as a communications executive for a publicly traded development company. Mike is married with three boys and three Huskies.

  • ◦Sale/Acquisition