PLANO, TX—The Dallas-Irving-Plano metro area added 91,000 new jobs between August 2017 and August 2018, according to the Texas Bureau of Labor Statistics, a 3.6% increase year-over-year. As a result of this demand, increasing investor interest is gravitating to the metroplex and the Southwest region in general.
One example is multifamily owner-operator American Landmark and its equity partner Electra America, which continue to selectively acquire properties in locations across the Southeast and Southwest. The company has completed 22 property acquisitions worth $1.4 billion since the beginning of 2018, adding 9,242 apartment units to its portfolio.
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