Industrial Properties Attract Buyers in “Saturated” Texas MF Market

DALLAS-The recent sale of a 195,537-square foot industrial portfolio in Texas to a traditionally multifamily investor is representative of current trends in the marketplace, according to Marcus & Millichap Vice President Adam Abushagur.

“That product type [apartments] is very compressed right now,” he says. “Industrial is currently transacting at a higher cap rate and attracting a lot of cross-product capital – in particular, it’s attracting a lot of multifamily investors given its similar management style and higher returns.”