Up to 43,000 apartments in metro Houston were knocked out of operation due to flooding from Hurricane Harvey. That tally represents about 6% of the nation’s fourth-largest apartment market.
Flooding damage extends across many neighborhoods as a result of the rainfall in Houston, reported now by the National Weather Service at a U.S. record of more than 64 inches. Many of Houston’s apartment properties lie in or near 100-year flood plains, as the metro’s landscape is very flat.
Read more...As Many as 43,000 Apartments Appear Off Line in Metro Houston - MPF Research
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