The former Houston-based NAI Partners, now rebranded as Partners, has plans to expand throughout the US Sunbelt over the next several years. While one driver is these markets' growth potential, another has been the company's decision to not renew its affiliation with NAI Global. By leaving NAI Global, Partners will be able to open offices in any geography the company wishes, EVP Larry Koestler explains.
For instance, it has now opened an office in Dallas for the first time, even though it was the NAI member firm in Houston, Austin, and San Antonio. "Being part of the NAI network had prevented us from also opening an office in DFW as there is a different firm completely independent of ours that licenses the NAI name in Dallas," Koestler says.
Partners' strategic growth plan calls for opening another 10-15 office locations by 2030 throughout the southeastern and southwestern United States.
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Erika Morphy
Erika Morphy has been writing about commercial real estate at GlobeSt.com for more than ten years, covering the capital markets, the Mid-Atlantic region and national topics. She's a nerd so favorite examples of the former include accounting standards, Basel III and what Congress is brewing.
