Thank you for sharing!

Your article was successfully shared with the contacts you provided.

DALLAS—“Horizontal multifamily” is catching on in single-story multifamily neighborhoods. This is in contrast to the typical stand-alone rental homes. And, as more people are leaving apartments and urban centers, banks are starting to finally jump on this trend. Those renters are looking for additional space and a neighborhood feel but many can’t afford a home or don’t want the responsibilities of home ownership.

John Hutchinson, president, central and southwestern US of Trez, says the trend came to pass when the banks wouldn’t finance those types of projects. As a result, Trez started funding these deals with NexMetro. Trez financed one of NexMetro’s first projects in Phoenix and completed some 12 projects with this group in the Southwest including Dallas/Fort Worth. And, Trez has begun to work with other companies with this horizontal multifamily product type.

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.

More from this author



Join GlobeSt

Don't miss crucial news and insights you need to make informed commercial real estate decisions. Join GlobeSt.com now!

  • Free unlimited access to GlobeSt.com's trusted and independent team of experts who provide commercial real estate owners, investors, developers, brokers and finance professionals with comprehensive coverage, analysis and best practices necessary to innovate and build business.
  • Exclusive discounts on ALM and GlobeSt events.
  • Access to other award-winning ALM websites including ThinkAdvisor.com and Law.com.

Already have an account? Sign In Now
Join GlobeSt
Live Chat

Copyright © 2021 ALM Media Properties, LLC. All Rights Reserved.