When discussing multifamily property investments in the Lone Star State, the foursome of Austin, Dallas-Fort Worth, Houston and San Antonio seems to top that list. Experts with Apartment Realty Advisors’ secondary markets group tell GlobeSt.com that while these major markets are fine, pretty decent multifamily investment deals are plentiful in Texas’ secondary and tertiary markets.
Given the huge economic disparities across Texas, attempting to make a blanket statement about the state of secondary and tertiary markets overall can be difficult. After all, what’s going on in El Paso (home of Fort Bliss) is radically different than what’s happening in oil-and-gas-active Beaumont on the other side of the state. However, “they’re all doing pretty well,” says ARA principal Jeffrey L. Patterson. “With interest rates as low as they are, we’re seeing some pretty decent transactions in many of the secondary markets.”
Read more...GlobeSt.com - When in Texas, Consider Secondary Markets - Daily News Article
No comments:
Post a Comment
Note: Only a member of this blog may post a comment.