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The intent is to increase the overall size of the multifamily portfolio during the next several years through strategic buildout of its robust development pipeline alongside opportunistic acquisitions.
Harvey's silver lining was an improvement in both multifamily vacancy and rent growth, which has resulted in Houston remaining a competitive investment market, especially when paired with above-average job growth.
Foreign investment has become so central to Washington CRE that its temporary contraction in 2016 appears to have prompted a substantial slowdown in the city's multifamily market.