|Number of units||200|
JLL has been exclusively retained to offer qualified investors the unique opportunity to purchase fee-simple interest in The Remington (The “Property”), an 18 building, 200-unit garden apartment community located in the heart of Killeen. Prominently positioned along Twin Creek Drive, The Remington is situated just north of Highway 190 and Interstate Highway 14, at the forefront of recent and on-going commercial growth and development. Ideally located in the northern portion of the city, The Remington offers residents direct access to nearby retail centers along with all major employment centers throughout Killeen including Fort Hood.
Built in 1985 and spanning 10 acres, The Remington features a seasonal swimming pool and sundeck with grills and picnic tables, an expansive fitness center, off leash dog park and business center, offering residents a full package of amenities. Over the past few years, current ownership has invested in the addition of the fitness center, a business center and modernizing the clubhouse and curing deferred maintenance. As a result of stable occupancy trends and the current ownership investment in upkeep of the property, there is significant revenue enhancement opportunities to the interior of the units throughout the Property .
- Unmatched value-add potential across unit interiors – 90% of the units untouched since the property was built in 1985
- Strong leasing demand – 99% occupancy and positive rent growth
- Situated just north of Highway 190 and Interstate 14, six miles from economic driver Fort Hood