The new Cushman & Wakefield report ranks it as one of three key Apartment Investing Markets nationwide.
According to the newest report from Cushman & Wakefield, Dallas grabbed the number three position in its ranking of Opportunity Zones across the country. This also happens to slot Dallas as one of the top cities in the country for investing in apartments.
The report finds that out of 45 real estate markets around the country, Dallas comes in third for economic momentum from the federal tax program, with Orlando taking the top ranking, and Austin falling in second.
Cushman & Wakefield evaluated over 2,500 of the country’s 8,700 designated zones and analyzed taxes and regulations, population growth forecasts, employment growth and household income, as well as office and multifamily inventory, vacancy and growth. The report found that, with 18 Opportunity Zones, Dallas is well-positioned for investments made in those areas thanks to a booming population and the tax and regulatory environment.
Multifamily housing is likely to be the first stage of development for many investments made in the designated zones.
Cushman & Wakefield is currently tracking 138 commercial real estate funds around the country that are targeting more than $44 billion in equity. Within those funds, 82 percent of capital is planned for a variety of multifamily housing, 60 percent of capital is planned for office and 49 percent of capital is planned for retail.
From the findings of the report, what will make Opportunity Zone apartment investments successful, is if investors treat them like any other traditional commercial real estate or investment property deal.
“I tell people to underwrite normal fundamentals. Be disciplined. You need to know how to structure the deal, or you could easily undercut the benefits. Above all, understand that Opportunity Zones are intended to be longer-held assets. Ensure your equity is available for a longer investment horizon.” said Beth Lambert, executive managing director at Cushman & Wakefield, in a prepared statement.
With all of this being said from the new Cushman & Wakefield report, it appears that the Dallas area may just be one of the most secure Multifamily Apartment Investing markets in the country.
Brad Sumrok holds, without a question, the best grasp on the Dallas Multifamily Apartment Investing Market. Both Brad and his students have found a multitude of success within the Dallas area, and he is ready to help even more people get into this booming Opportunity Zone. Click here to learn more about Brad Sumrok and his Apartment Investor Mastery Program.