HOUSTON--Kyle Drake is president and founder of Drake Realty Group LLC, and has more than 12 years of experience in the industry. GlobeSt.com's Anna Caplan recently spoke with Drake about multifamily in Houston.
GlobeSt.com: What is the state of multifamily in Houston right now?
Drake: Multifamily in Houston has gone through a precipitous change since fourth quarter 2014. Currently, Drake Realty Group is seeing many developers and their respective capital partners come back to Houston, but only in certain core infill submarkets, and with a specific product type and more stringent underwriting. For example, the Museum District and Galleria submarkets are discussed daily for future new development, and are some of the few areas that endured the recent downturn.
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