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Multifamily Pros Probe Texas, Capital Scene

DALLAS-Experts see no dark clouds for Texas' key multifamily markets despite subprime and recession threats. They do, though, offer some 2008 caution and survival tips.

By Connie Gore | Updated on November 08, 2007

[IMGCAP(1)]DALLAS-The multifamily markets in Texas’ four major metros are poised to finish the year on the upswing and maintain their economic planes for 2008. If expert predictions are on target, there are no dark clouds for Texas in the coming year despite continued threats from the subprime market and recession indicators.

Investors, developers, brokers and lenders got a full rundown yesterday at the annual M/PF YieldStar Texas Apartment Markets Conference held at the Adam’s Mark Hotel in Downtown Dallas. The event attracted a record-setting crowd of nearly 400.

As would be expected, subprime was on everybody’s mind. “The boom in home ownership is beginning to reverse and that is a boon for the apartment market,” said Hessam Nadji, managing director of research services for conference co-sponsor Marcus & Millichap Real Estate Investment Services.

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