Middle Market Digest: This Week in the South and Mountain Regions

Here is some good news about the tax reform package for states such as Texas, according to Cushman & Wakefield: “The overall economies and commercial real estate outlooks of both high- and low-tax states and regions will benefit from tax reform,” said David Bitner, head of capital markets research for Cushman & Wakefield. And, there is a related benefit to multifamily owners as well. “The broader, positive economic effects of the tax package support income and job growth, and ultimately presents a tremendous opportunity for multifamily owners and investors,” says Revathi Greenwood, the firm’s head of Americas research. “We expect to see greater demand for larger, suburban units and single-family rentals, particularly in areas with great schools.”—Lisa Brown

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