Asset Living had the pleasure of attending the InterFace Multifamily Texas Conference where industry experts from across the country gathered in Dallas, TX, to network and share key insights. The InterFace Multifamily Texas Conference included several panel discussions that focused on economic and demographic trends influencing and impacting strong occupancy and increasing rental rates in the apartment markets in Texas, as well as trends in investment, development, financing, design/building, leasing, management, and operations. A few of the Asset Living experts on the ground summed up the InterFace Texas Multifamily Conference into three main takeaways.
Build-to-rent is here to stay – and evolve.
“Build-to-rent is not going away as mentioned several times throughout the conference – and it’s constantly evolving. Because the evolution is constant, efficiencies are being sought in every portion of this platform. It is important that operators continue to be innovative to stay abreast of this latest multifamily platform,” says Asset Living Vice President of Multi-Family Operations, Julie Agne.
Use market data and trends to look for strategic investment opportunities.
“At the InterFace Multifamily Texas Conference, I moderated a panel discussion that focused on the economic outlook of how a possible recession could impact the Texas multifamily markets. Everyone’s dynamic perspective made one thing clear: No matter the economic climate, there’s always an opportunity to be strategic with investments. In an unpredictable market, it’s key to use data intelligence and trends to help identify opportunities. For example, Texas, the Southeast, and the Southwest are all areas with strong in-migration trends with potential value-add properties for those looking to make an investment,” says Asset Living Executive Vice President of Business Development, Jason Fort.
The financial outlook for 2022 raises opposing opinions.
“When looking at the future of the financial markets and the buying/selling of properties, there seems to be a great deal of uncertainty. Some experts in the field stated that these high-interest rates will decrease through the final stretch of 2022 while others stated they will remain high for a very long time. Overall, no one is certain what the future holds for multifamily property ownership moving forward. However, market rental rates will remain high and continue to increase with these elevated interest rates,” says Asset Living Vice President of Multi-Family Operations, Clay Klatt.
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