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The Remington The Remington Katy, now Luxe at Katy Apartments, is a 352-unit multifamily community.

HOUSTON—Tightening vacancy and strong rent gains were apparent last year as rising demand tipped the scale in favor of apartment owners reinvigorating the Houston apartment market. Investors’ attitudes are shifting to a more bullish outlook, though many will be mindful of property locations and expected increases in insurance costs, according to a report from Marcus & Millichap.

Investors in search of value-add deals in the metro could find some unique opportunities. Houston’s strong demographic trends, diverse economic base and healthy job creation will remain attractive to investors and encourage investment activity. Before Harvey, concerns of overbuilding in specific pockets of Houston had many financial sources targeting areas where the threat was much more limited. However, tightening vacancy as residents seek temporary housing while existing stock is restored has many agencies re-evaluating parts of Houston where they were not as actively involved, opening up additional financing opportunities for investors.

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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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