HOUSTON--Rental properties continue to rise in the Houstonmarket, and in the new year, brokers will continue to reap therewards of value-add properties in the multifamily sector.
According to Barbara Gaffen, co-CEOof Prime Property Investors (PPI), value-addproperties are a sweet spot due to their strong ROI.
“With so many new class A developments delivering next year,projects that are 10 to 15 years old will be considered bargains,as they can be updated to compete with many of today's newestbuildings at a fraction of the cost of new construction,” Gaffentold GlobeSt.com.
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