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As Distress Dwindles, Value-Add Ramps Up

HOUSTON-In a recent interview with GlobeSt.com, Transwestern's Clint Duncan says that the appetite for multifamily value-add product has increased. But value-add deals are becoming scarce, at least in Houston.

By Amy Wolff Sorter | Updated on June 14, 2013

HOUSTON-Houston was a region that weathered the Great Recession and following financial meltdown fairly well. Still, the area did have some distress when it came to multifamily properties.

Not anymore, however. These days, the appetite for distressed and foreclosed multifamily properties has switched to an appetite for value-add multifamily assets. Transwestern’s vice president of multifamily services Clint Duncan, who recently brokered the sale of Arbor Ridge, tells GlobeSt.com that value-add is a hot commodity in the Houston commercial real estate market.

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