Next stop on the 2019 Figure 9 Real Estate Multi-Family Market Tour was Dallas / Ft. Worth. DFW was the largest market we visited and we were optimistic about finding some Value-Add Multi-Family investment opportunities.
Here is a summary of what we found:
Stats
Below are a few of the key market indicators:
- Rent Growth: 2.8%
- Vacancy: 7.7%
- Jobs: 2.7%
- Population Growth: 1.7% – LARGEST MARKET
Pros/Cons
Here are some of the PROs and CONs from our impressions:
- PRO: Sixth largest market in USA by real estate asset value
- PRO: Large population base
- PRO: Growing economic base
- PRO: Lots of promising opportunities for value add
- CON: Lots of players in the market
- CON: Deals move quick
- CON: Larger geographic market with lots of sub markets
Our Impressions
We found quite a bit of opportunities that fit with our Value-Add Multi-Family focus. Our trip confirms what we saw in the stats.
Conclusion
We are gong actively look for opportunities in the DFW Market