EPS 284 - Top Producers from the Newmark- Dallas office explain the State of the Apartment Market in North Texas and what they are seeing from both buyers and sellers.

In the Dallas/ Fort Worth market, Apartment sales volume is down 75-80% from just 12 months ago.
In smaller markets, volume is probably down 80%+. Yes…interest rates are up, but if you are going to buy commercial real estate, most investors prefer multifamily. Why? 1) Fannie and Freddie are your backstop with financing and can offer longer fixed rate terms 2) rents can reset to the market every 12 months 3) you can change market value by increasing your NOI 4) personal tax advantages. If you are new to multifamily, this could be the time to put together your team (equity, debt, listing brokers, real estate attorney, etc.) for the NEXT cycle.
To contact Jakob Andersen - jakob.andersen@nmrk.com
To contact Bart Wickard – bart.wickard@nmrk.com
To contact Matt Wideman – matt.wideman@nmrk.com
To RSVP to the Old Capital Speakers Series: OldCapitalPodcast.com
Hear From Top Property and Asset Management Companies- Wednesday April 26th.
Are you interested in learning more about how Multifamily Syndications work? Please visit www.spiadvisory.com to learn more about Michael Becker’s Real Estate Syndication business with SPI Advisory. If you enjoyed this discussion…. Please leave us a 5-STAR RATING on iTunes.