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Dallas Forth Worth Metro Area from a Brokers Perspective

Doug Banerjee

Senior Managing Director of Greysteel

Experience and Recognition

  • Several years of multifamily experience with a national real estate services firm, focusing exclusively on advisory and disposition services for multifamily property owners in the South Central United States.
  • Over six years as a consultant for two top consulting firms in the world, Accenture and Deloitte
  • Greysteel President’s Club: 2017 & 2018
  • Promoted to Senior Managing Director: 2019

Key Points From This Episode

  • Greysteel has closed over 1500 units in El Paso
  • Investor chasing yield in secondary markets
  • Oil Demand drives markets like Odessa, TX
  • Austin has lower cap rates than DFW, the California of Texas
  • DFW projections for rent growth are around 3% to 4%, but investors are conversatively underwriting at 2% to 3%
  • What is a broker looking for in a buyer? - Transparency, Experience
  • Syndicator should have proof of funds
  • Hard money speaks to the committment to close
  • Schedule of real estate owned
  • When lenders lock in fixed rates and lock in their profits often the loan will be assumable
  • Prepayment penality can be avoided by assuming the loan
  • DFW is a great market for multifamily investment because of job diversity and populations growth

Contact Information

Doug Banerjee Doug Banerjee on LinkedIn