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.”

Mary Ann Azevedo for GlobeSt.com
 

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2018-09-27T14:57:51+00:00