Slump Creates Opportunities for Middle Market

Rollins says Houston’s economy is much more diversified than many believe.

HOUSTON—Earlier this year, there was a lot of discussion about falling oil prices and the impact on Houston’s real estate market. As prices lingered below $40 per barrel, demand for properties declined sharply and investors largely shied away, slowing the steady growth that had driven the market for years.

Jay Rollins, managing principal at JCR Capital tells GlobeSt.com in this exclusive: “The common perception is that Houston’s economy is dominated by the energy sector; however, as a top five MSA, the economy is much more diversified than many believe. When oil prices fall, many would-be investors overreact relative to the energy sector’s actual significance in Houston’s economy and are reluctant to invest. This overreaction creates opportunities for those able to more accurately assess the market.”