5 Reasons Apartments Will Soar; Multifamily Monday

That darling multifamily will continue to dominate in 2013, says JLL's new Texas multifamily managing director Jeff Price. Because Hollywood has trained us to think in terms of nominees and lists, here are his five reasons why the market will accelerate this year.

First, Jeff says: it's the most popular investment vehicle for many investors. Second: There's reliable and attractive debt with Fannie Mae, Freddie Mac, and life companies. Third: While there's a fair amount of newconstruction, it's still less than demand.Fourth: Transaction volume in virtually every city from '05 to '07was huge. Assuming seven-year holds, then '12 through '14 will be big transaction years, as well. Finally, Texas markets are experiencing solid population growth, job growth, and property operations have been strong. Even with a lot of competition for deals, there are still many outstanding investment opportunities.

The JLL multifamily team: David Fersing, Janet McEowen, Bill Simmons, Jeff, Alisan Rutland, and Susan Gosslee. JLL acquired The Apartment Group, where Jeff was founder and prez, earlier this month. Jeff tells us a niche firm like his had to consider turning off the lights one day or making a move. JLL's name credibility and platform stature influenced his decisions, and his realm grew from DFW and Austin to the entire state. Next up: Jeff will QB efforts to add more people to the team. Something you may not know about him: He's a big fan of The Duke. His favorite John Wayne movies: The Searchers, In Harm's Way, and The Quiet Man. (If you look closely over Jeff's shoulder, you'll even see a John Wayne photo on his desk. That's right, pilgrim.)

Continue reading this story with a free account

Log in or register
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

After 5 Years Of Gains, Commercial Real Estate's C-Suites Just Got Less Diverse

£1B Property Group To Buy Huge Chunk Of Collapsed NCP Car Park Empire

1,300 Projects Potentially Paused Due To Suspension Of Quality Inspectors

Republican Midterm Convention Could Fill More Than 5,000 Hotel Rooms In Dallas

Walker & Dunlop On Why The Housing Market Is More Balanced Than It Appears

Y'all Street Powers Trophy Office Momentum In Uptown Dallas

California Duo's Ponzi-Like Investment Scheme Unravels With Bankruptcy, SEC Charges

Prominent Philly Caterer Sues Town Officials Over Vineyard Plans In Bucks County

Houston Firm Hires Former Floor & Decor Exec As President Of New Offering

Deutsche Finance Alleges BVK Is Responsible For CRE Portfolio Losing $1B In New Lawsuit

'This Is A Big Change For Me': Leslie Cohen Launching New Company After Leaving Davis Cos.

Selerix Insurance Services To Nearly Double Its HQ Size With Plano Lease: The DFW Deal Sheet