DFW record cold, outages could spark changes in apartment construction

The sky-high cost of repairs after the Texas freeze-out and power grid failure will cause apartment developers and others in the industry to rethink the quality of construction materials and methods they use throughout the state, according to multifamily experts.

The astronomical losses that insurers will take because of the weather and power grid failure will have serious long-term implications for multifamily in DFW and statewide, said Cliff Booth, Founder and CEO of Dallas-based Westmount Realty Capital, LLC.

Westmount has properties throughout the state, and the whole state suffered an extended freeze.

 

View the full Dallas Business Journal Story

Top
  • Join our Mailing List

  • This field is for validation purposes and should be left unchanged.