West Killeen Market

Case Study

HEB shadow-anchored - going in Yield 6.7% at only

74% occupancy in a market that is 97.5% occupied.

In addition, we locked into a 2-year swap at 6.61% giving the deal positive leverage day one.

Stats

Closed – May ’25

Projected hold – 3 years

Straight lease-up play

3-year IRR – 18.29%

Multiple – 1.63x

MSA GDP -$21.4 Billion

Total employment – 187,560

Population – 501,330

#2 fastest growing place in U.S. – US News & World Report