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Multifamily Investors Flock to DFW/Plano/Irving

The Dallas metro area economy continues to expand at a rapid rate, with more than 116,000 jobs added since August 2017, resulting in multifamily demand that easily exceeds new supply.

Legends at Ridgeview Ranch Legends at Ridgeview is located near major transit routes and employment opportunities.

PLANO, TX—The Dallas-Irving-Plano metro area added 91,000 new jobs between August 2017 and August 2018, according to the Texas Bureau of Labor Statistics, a 3.6% increase year-over-year. As a result of this demand, increasing investor interest is gravitating to the metroplex and the Southwest region in general.

One example is multifamily owner-operator American Landmark and its equity partner Electra America, which continue to selectively acquire properties in locations across the Southeast and Southwest. The company has completed 22 property acquisitions worth $1.4 billion since the beginning of 2018, adding 9,242 apartment units to its portfolio.

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Lisa Brown

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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