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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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Lisa Brown

Lisa Brown is an editor for the south and west regions of GlobeSt.com. She has 25-plus years of real estate experience, with a regional PR role at Grubb & Ellis and a national communications position at MMI. Brown also spent 10 years as executive director at NAIOP San Francisco Bay Area chapter, where she led the organization to achieving its first national award honors and recognition on Capitol Hill. She has written extensively on commercial real estate topics and edited numerous pieces on the subject.

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