| Snapping up Class-A and B properties across the Metroplex,acquisition happy investors have made now the right time to buy before the fickle market has a change of heart. | |
| Walker & Dunlop central regional manager and SVP Vic Clark (right, with Colin Cross and Tim Nutter) says the firm is making hay and just finished third out of Fannie Mae?s top 10 multifamily loan originators nationally. He doesn't anticipate that changing much, as interest rates are at all-time lows, multifamily sales prices will likely increase, and buyers are trying to beat inflation before it arrives. Vic says buyers are competing on every deal that comes to market if the product is 10 years old or younger. | |
| Among Vic's recent deals: Fort Worth?s Colonial Park and Gallery 1701 (pictured). He says more deals are coming online as banks, special servicers, and institutional players bring product to the market. He's met with many of Dallas? investment sales groups, which expect significant increases in inventory between now and year's end. Vic will be among a star-studded panel at Bisnow?s Dallas Capital Markets Summit (register here). He's joined by MetLife Real Estate Investments director John Hall and Hillwood Investments CEO Todd Platt on Aug. 24. One agenda item: CMBS. Vic says there's been enormous fluctuations in CMBS pricing; it blew up (not a little, but a lot), he says. That's an indicator of continued investor scrutiny in the secondary market, he tells us, as well as any mortgage-backed paper out there. | |
MULTIFAMILY MONDAY: BLISSFUL BUYERS
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Related Topics:
Colin Cross
, Hillwood Investments CEO
, John Hall
, MetLife Real Estate Investments
, Tim Nutter
, Todd Platt
, Vic Clark
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