MULTIFAMILY SHINES

It seems multifamily complexes are outshining other commercial property types, many showing lower results than in the ‘90s. We asked ARGUS Software SVP Bruce Kellog to report back from the NCREIF Annual Conference last month in Las Colinas, while we were out covering other goodies. (We think he was there, though that art suggests he might've played hooky and time traveled to the future.) Bruce listened to an overview of DFW by Houstonian Del Kendall of RERC, Invesco’s Mike Sobolik, UrbanAmerica’s Michael Westfall, The Apartment Group’s Jeff Price, and CBRE Economic Advisors’ James Costello. Bruce says a consensus was heard regarding the rulers of negotiations: the tenants. With dropping cap rates and compression in lending rates, many investors are chasing opportunities when a bottoming-out has been achieved. The phenomenon of renters exceeding buyers of residential properties was echoed throughout the various sessions.

Continue reading this story with a free account

Log in or register
Related Topics: Jeff Price , The Apartment Group
Sign up for more articles like this
Subscribe to Bisnow's Dallas-Fort Worth Newsletters
Related Stories

Ceutical Laboratories To Move HQ To Lewisville: The DFW Deal Sheet

The Geo Group To Reopen 2,329-Bed Immigration Facility In Texas

What's At Stake For CRE In Tuesday's U.S. Midterm

Taiwan Semiconductor Manufacturing Co. Could Expand In North Texas

GGP To Redevelop Former Dick's Sporting Goods Store At Frisco's Stonebriar Centre

From Pandemic Darling To Cautionary Tale: Pickleball Clubs Face A Reckoning After Betting Big On Retail Space

Foundry Robotics Leaves San Francisco For New East Bay HQ

How Terrell Is Transforming Into A DFW Aerospace Powerhouse

Tenant Rep Firm Expands To Philly, Hires Industry Veteran

Data Centers Lose The Top Spot, San Francisco Jumps 40 Places: 9 Takeaways From ULI's 2027 Outlook

Younger Partners Buys 261K SF Terrell Power Center: The DFW Deal Sheet

Cushman & Wakefield, NYC Added To Suit Alleging $250K Agency Lease Shakedown