Third Time’s the Charm: CLK Expands Killeen, TX Portfolio With This 241 Unit Acquisition

KILLEEN, TEXAS – [8/4/26] – CLK Properties, a privately-held real estate investment and management company, announced the acquisition of Copper Mountain, a 214-unit apartment community located in Killeen, Texas. The acquisition marks CLK’s third property in the Killeen market, where the company has operated for 30 years, bringing its total footprint in the market to 706 units.

The acquisition reflects CLK’s long-term strategy of expanding its presence in markets where it has an established operating platform, deep local market expertise, and a proven track record of enhancing the resident experience while creating value for investors.

“Killeen has been a cornerstone market for CLK for three decades, and Copper Mountain is a natural addition to our growing portfolio,” said Craig Koenigsberg, Founder and CEO of CLK Properties. “Fort Cavazos provides an economic foundation that few secondary markets can replicate, giving us confidence in the market’s ability to perform through both expansions and economic downturns.”

Killeen is anchored by Fort Cavazos, one of the nation’s largest military installations and the economic engine of the Killeen-Temple MSA. The base is home to approximately 34,000 active-duty soldiers and more than 14,000 civilian employees, generating nearly $38 billion in annual economic output. This substantial military presence creates a stable employment base and consistent demand for multifamily housing from service members, military families, civilian employees, and defense contractors.

Beyond Fort Cavazos, Killeen’s economy is supported by a diverse mix of education, healthcare, government, and defense-related employers. Major employers include Killeen Independent School District, the Civilian Personnel Office, Central Texas College, AdventHealth, and the City of Killeen, which collectively employ approximately 18,000 workers. Together with an additional 7,400 defense contractor jobs, these sectors provide a diversified employment base that complements the region’s military-driven economy and supports long-term residential demand.

Built in 1985, the community offers a mix of studio, one-bedroom, and two-bedroom apartment homes featuring updated interiors, including tile backsplashes, luxury vinyl plank flooring, brushed nickel fixtures, and washer and dryer connections. Residents also enjoy a full suite of community amenities, including a resort-style swimming pool, clubhouse with business center, fitness center, basketball and volleyball courts, dog park, playground, gated access, and on-site laundry facilities.

Copper Mountain is centrally located within Killeen, offering residents convenient access to major employers, retail corridors, and everyday services throughout the greater Killeen area.

CLK Properties will assume ownership and will self-manage Copper Mountain.

About CLK Properties
CLK Properties is a vertically integrated real estate investment and management firm based in Woodbury, NY. As one of the largest privately owned multifamily owner-operators in the United States, CLK oversees a portfolio of more than 18,252 apartment units, along with a collection of premier commercial properties across Long Island. Driven by real-world experience, CLK’s national portfolio of residential, office, and retail assets delivers value and growth to investors while providing an unrivaled experience for our residents and corporate clientele. Founded in 1980 by father-and-son team Maynard and Craig Koenigsberg, the company continues to be guided by a strong family culture that remains central to its identity and operations today.