AUSTIN—Austin is an attractive city in which to invest. But, for institutional investors, that hasn't always been the case.
Currently, demand is great for value-add multifamily properties amid a highly competitive market and raising rental rates. And no one knows this better than the panelists scheduled to take part in “Investment Opportunities: Capital from Near & Far,” at GlobeSt.com's inaugural RealShare Austin event at the W Hotel on June 2.
“There is considerable interest to invest in Austin, and we don't see that changing,” Hale Umstattd, executive managing director/capital markets at Transwestern, told GlobeSt.com.
Participants at the conference are likely to gain insights on why investors in the office market are paying more than in the past, and why West Coast investors are comfortable and eager to enter the Austin market.
Other panelists include Brad Davey, senior vice president, Clarion Partners; and Rhonda Toming, managing director, Fischer & Co.; Kent Myers, director, national multi-housing group at Marcus & Millichap, will serve as moderator.
As to an audience takeaway, Toming's goal is for it to be broad-based in effect.
“[I hope they gain] an update on sale activity, NOI growth and what foreign capital has done for office in Austin the past two years,” she told GlobeSt.com.
Click here to register for RealShare Austin.
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