News
Multifamily Demand
July 19, 2010
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| Meshing buyer and seller rep with the institutional side, Grubb & Ellis created its Multi-Housing Investment Group this year to coordinate with the national network of Grubb & Ellis multifamily brokers. We stopped by to chat with VP Linda Simpson and VP Bob Helterbran, the pair that formed the new division. Linda tells us the national network gives local clients access to more opportunities. Bob says there's a lot of investor interest in Texas and DFW multifamily projects, and he's been doing many property valuations and BOVs for banks, private owners, and institutions. |
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| Grubb & Ellis' executive managing director Moody Younger (in the doorway) tells us that DFW is behind on delivering homes relative to the demographic growth. Because of that, there may be a spike in multifamily demand: "That doesn't automatically translate into transactions, but there is more capital in the market, as well as more debt and equity for multifamily." |
