Colliers continued its acquisition spree with a move designed to make the company a bigger player in the U.S. multifamily sector and beef up its roster in the Lone Star State.
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The global professional services and investment management company announced Tuesday that it had acquired Dallas-based Greystone Sales Group. The multifamily investment sales firm, also known as GREA Dallas, works with private and institutional investors throughout the country.
Terms of the deal were not disclosed.
Mergers and acquisitions like the GREA Dallas deal propelled Colliers to a strong Q2. The company acquired Canadian engineering platform Higher Ground Consulting and engineering and architectural consulting firm Terra Consulting Group during the quarter.
M&A contributed $436M in revenue to Colliers’ bottom line in Q2, an increase of 67% over the same period last year.
The addition of the GREA Dallas team will strengthen Colliers’ national multifamily presence, U.S. President and CEO Gil Borok said. GREA Dallas’ location in North Texas is also a big plus for Colliers.
“Dallas continues to be one of the most dynamic multifamily markets in the country,” Borok said in a statement. “Its strong economic fundamentals, population growth and investment activity make it a key focus of our national multifamily capital markets strategy.”
The Metroplex had nearly 47,000 multifamily units in progress at the end of the second quarter and almost 18,000 slated to be delivered by the end of June 2026, according to Colliers’ Q2 DFW Multifamily Market Report. DFW was No. 2 in the nation behind only New York City for new multifamily deliveries this year, according to the latest report from RentCafe.
DFW’s population is on pace to overtake Chicago as the nation’s third-largest metro by 2030, and the Census Bureau estimates more than 450 people move to the Metroplex each day.
In addition to multifamily, the region’s population growth has helped fuel retail recovery, office occupancy and a hotel boom.
It is unclear whether the 25-person GREA Dallas team led by Todd Franks will move to the Canada-based brokerage’s DFW home in the 17Seventeen office tower in Uptown. GREA Dallas’ office at 5728 Lyndon B. Johnson Freeway is just inside the Interstate 635 loop in North Dallas.
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