What You'll Take Away:

  • Houston’s multifamily median cap rate decreased 40 basis points from 5.3% over the year and demand for multifamily housing slowed between quarters recording only 1,708 units of net absorption compared to 4,098 the previous quarter. How are owners and developers reacting to these changes?
  • More than 18,000 multifamily projects are expected to be completed in the next 10 years within the suburban Cy-Fair ISD boundaries. What’s attractive to investors & developers about Houston's suburbs?
  • Texas ranks near the bottom of the nation regarding available workforce and affordable housing. What are some of the challenges and reasons? How can the city gain more affordable homes?
  • The lack of Houston's single-family zoning caused the spike in multifamily projects. What are the upsides and downsides? What’s the best approach to leverage this trend?
  • Landlords in Houston saw an average of 24% increase in their holdings since 2021, the highest gain of any CRE asset in the nation. What caused this dramatic increase and are we going to keep seeing the same growth?
  • The city’s lack of urban zoning and rising construction costs are some of the major issues Houston is facing. How are multifamily developers and owners reacting to changes? And what are they doing to overcome these challenges?
  • The Fed recently approved the largest rate increases since 2000. How are these hikes in interest rates impacting investment and development decisions? What do capital stacks look like for active players?
  • How are rising construction costs impacting the construction loans where rents are already capped? Are projects being changed, delayed or paused?

Moderator

Additional Panelists

Susan Pohl: SVP, Acquisitions, Barvin

Matthew Bronstein, VP - BHW Capital

Douglas Dillard, CFO, DC Partners ­

Scott Ferguson, Sr. Director - Multifamily Acquisitions, Westmount Realty Capital ­

Clint Duncan, SVP, Capital Markets, CBRE­ 

Cody Laughlin, Co-founder & Managing Partner, Blue Oak Capital

Sponsors

Pillsbury
Michael Page
Waypoint Residential
LendingOne
ADT
JE DUNN Construction
Residences At The Allen
Division Six
Thermador
Iconic
CIVE