Published by BISNOW Houston
With the state’s continued population growth, multifamily investors always have an eye on Texas. But which city is catching their attention? San Antonio. It is in what investors dubbed “the Goldilocks zone.”
Texas’ two largest cities have been making headlines for opposite reasons. Dallas is so hot it has some investors worried. Headlines are painting Houston red due to the oil and gas downturn, causing many investors to look over the city altogether. Both multifamily markets are full of questions for investors. Panelists broke down the trend at Bisnow’s San Antonio Multifamily Expansion last week.
“You know what you’re going to get in San Antonio. We have good employment, good rent growth, good occupancy. This market won’t experience the highs and lows of other markets,” Westmount Realty Capital senior director of acquisitions Michael Anderson said.
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