If you've been scanning the headlines over the past few months, you may fear the state of the multifamily market. Inflation and an uncertain housing market can cause investors to lose confidence. However, experts like Colliers' Jorg Mast sees positive trends beneath the bad news. He breaks things down for us in this D Magazine article, "North Texas Multifamily Market Update: Doing Much Better than It Actually Feels."
According to Mast, the economy is booming in the Dallas-Fort Worth Metroplex and the smaller surrounding cities. As a result, apartment developers have begun stretching into smaller markets on the outer boundaries of the metroplex with much success, demonstrating that Dallas-Fort Worth is growing again.
While it's clear that the momentum of the multifamily market has slowed, and things appear uncertain, the current market is still extremely promising. Occupancy rates remain high at about 95 percent, supply and demand are well balanced, and developers are still productive. Plus, high-interest rates have slowed the for-sale housing market, encouraging people to keep renting.
Mast's key takeaway is that although property values have come down, they are still higher than investors initially expected. The market is returning to pre-pandemic conditions, which just feels scary because of how good things have been. Read the full article at D Magazine.
Multifamily Empire new Headquarters!
This year's growth of the Multifamily Empire team got us thinking - we're ready for our own office! Neander found us the perfect blank canvas to create the Multifamily Empire Headquarters. In just three weeks, our team transformed the empty space into a beautiful workplace.
Our new home has office space for our team, plus a conference room, a coffee bar, and a chill-out area. We even built our own recording studio to pump out high-quality educational content that we have planned for you guys!
We couldn't be more excited to end the year on such a high note!
"As the year comes to an end, we can't help but look back and reflect on the past twelve months. Multifamily Empire experienced a year of tremendous growth as we began to expand our team and portfolio. None of our successes would have been possible without the collaboration from our partners, investors, and team members. This year's first major accomplishment was consolidating our different departments into functional teams under one company. We also developed and expanded our communication efforts, including social media, monthly newsletters, and email updates. Perhaps one of our most exciting achievements was the creation of our meetup event, "Jazz N' Apartments." We held six successful events throughout the year, each filled with valuable market insight, networking opportunities, and live jazz music. The team worked tirelessly to fund and close our biggest property so far, Ariva. As we continued to expand our portfolio, we also built the first Multifamily Empire headquarters. We now have a home for our employees' offices and even a studio for upcoming endeavors! Of course, it wasn't always smooth sailing. This year we've seen interest rates, an unstable economy, and even talks of a looming impression. Yet, despite these problematic economic conditions, we've continued to grow and succeed in our efforts. In fact, we've expanded so quickly as a company that we've experienced some growing pains, but we were able to adapt promptly and overcome them. We have so many big things planned for the coming year, and we can't wait to take you along the journey with us!" - Delia and Neander Lima
I've have had the pleasure to work with the Multifamily Empire team from the very beginning of their company and I had the privilege to consult and be the buyer broker for all their acquisitions in DFW. The team, under the leadership of Delia and Neander, have accomplished so much and gained the respect of those they have interacted with in the multifamily industry. Their commitment to thinking outside the box, finding value for their investors in all aspects possible, and delivering results have allowed them to grow quickly. It's been amazing seeing their growth and development. They have also been very strategic and have done an amazing job with all the team members they have brought onboard. I look forward to partnering and working with Multifamily Empire for years to come.
Dante Andrade,
Founder of Touro Co.
Eat, Sleep, Invest, Repeat
Consistency and playing the long game are the keys to building generational wealth. Investing in real estate is one of the best ways to build generational wealth, but there's a secret that only some investors are privy to. Always keep reinvesting your profits so that you will continue to grow your money exponentially!
Dividends Trump Salary
This one should be obvious! Let your money make you more money. If you want to earn dividends on your investment, you know where to put your money.
Let's Build an Empire Together
We've built our entire company around the belief that we are stronger together. By uniting with our partners and investors, we create the power to buy these large properties. This allows us to fulfill our main mission, to generate passive income for our investors while uplifting the communities our properties are in. We're all in this together!
