IPA Texas Multifamily Influencer
These are interesting times for multifamily. Once the golden child of the CRE family, it still is considered to be a long-term favorite. But the short-term is fraught with problems. A supply pipeline that is reaching a 50-year high. An interest rate regime that has made refinancing harder and cut margins. A rental growth rate that is slowing, in some cities, dramatically. Navigating this environment for the past year has not been easy and the men and women who have made this particular sector their careers have had to muster all of their skills and knowledge to do so.
Institutional Property Advisors is a division of Marcus & Millichap founded in 2011 and led by executive managing directors Will Balthrope and Drew Kile. The team has closed a large volume of high-profile investments for clients in Texas and the Midwest, totaling $6.9 billion in sales volume last year. The team works in every major and secondary market throughout Texas, accessing a national and international buyer pool, and provides institutional and high-net-worth private investors with a large inventory of multifamily property opportunities in every market as well as local market research and sales expertise in Dallas-Fort Worth, Houston, Austin and San Antonio. The team operates with a hands-on, team-centric approach to close transactions
Balthrope and Kile have earned numerous awards throughout their careers, and Balthrope is a board member of the NMHC and a co-chair of the multifamily council of the North Texas chapter of ULI.
Read the full story in GlobeSt
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About Institutional Property Advisors (IPA)
Institutional Property Advisors (IPA) is a division of Marcus & Millichap (NYSE: MMI), a leading commercial real estate services firm in North America. IPA’s combination of real estate investment and capital markets expertise, industry-leading technology, and acclaimed research offer customized solutions for the acquisition, disposition and financing of institutional properties and portfolios. For more information, please visit www.institutionalpropertyadvisors.com.