Chris Gibson

Our team just finished updating a BOV for a Client from 2 years ago in the Southeast Tulsa Industrial Submarket and came across some interesting data points. It is quite profound to see the data from just two years ago, compared to our market today, and the stark differences: Average Sale Price*: 2022 : $54/SF Today: $69/SF   Vacancy Rate*: 2022 : 5% and increasing Today: 2% and decreasing   Average Rental Rate*: 2022  - $6.20/SF Today - $7.80/SF   Average Cap Rate*: 2022  - 8.6% Today - 9.3%   Total Inventory*: 2022  - 15,000,000 SF Today - 15,800,000 SF This submarket continues to show stabile, positive demand over the analyzed period, characterized by increasing property values, tightening vacancy rates, higher rental rates, and tight inventory. Industrial continues to lead the way in this submarket, and in greater Tulsa, OK. Dakota Brasher Neil T. Dailey, SIOR MCP - McGraw Commercial Properties *Costar

16

MarketWatch 5.17.24 #cre #commercialrealestate #investment #research #marketupdate #marketinsights #insights #marketwatch #realestate

2

🤔 Are you looking for strategies to improve your cash flow? Look no further! Toshi Partners dives into Cash Flow Strategies specifically designed for OKC real estate investors to help you maximize profits. Whether you're a seasoned pro or just starting out, this article has valuable insights to help you maximize your profits. 🏡 If you're ready to increase your OKC real estate income, click the link and read now:: 👉 https://lnkd.in/gyYB8zAu Check it out and share your thoughts in the comments below! #OKC #RealEstate #OklahomaCity #CashFlow #InvestmentStrategies #RealEstateInvesting #Toshi

1

"In our North Texas housing markets, the first quarter of 2024 played out similarly to the past several quarters in most key metrics but one: The number of closed sales for single-family properties actually increased in several areas, compared to the same quarter last year. Inventory is still in significantly short supply in many areas, but the number of homes closed improved. As we observed last quarter, sales declines were trending in a positive direction, tracking at percentage decreases that were not quite as steep as in prior quarters. It appears that our markets are getting close to bottoming out and could start to see an upswing." Want the full scoop on how your part of DFW performed? Read our regional analysis then dig into our detailed Market Updates covering each county, even down to the neighborhood level - all available completely free on our website! https://bit.ly/3TSe3su

2

At first glance, Tulsa’s gain of 146 residents in 2023 as reported in the latest census data, while Oklahoma City gained 7,589 during that same period, may not seem like anything to brag about.However, a deeper look into the data reveals a different story. The Tulsa MSA actually grew by 1%, which is the average growth rate for the highest growth rate cities in the country, all predominantly located in the South. Two of Tulsa’s suburbs actually saw very strong growth rates – Owasso at 4.6% and Bixby at 3%. Why does Tulsa seemingly have a lower growth rate? Simply put, Tulsa is virtually landlocked by its surrounding suburbs whereas Oklahoma City still has vast areas of undeveloped land and therefore room to grow. For comparison, Tulsa’s total land area is approximately 202 square miles versus Oklahoma City’s total land area of 621 square miles. Tulsa’s growth rate remains vibrant, albeit somewhat below that of Oklahoma City. Tulsa’s growth is centered around the suburbs where land is available, policies are generally pro-growth, and school districts are highly sought after. This steady growth in our markets translates to opportunities for multifamily developers and owners as the need continues to be to provide housing of all times, from affordable apartments to luxury living.

7

The first quarter of 2024 in a nutshell? Prices up. Inventory down. For a more in-depth look at Q1 facts and figures — and the North Texas real estate market as a whole — check out our blog post: https://bit.ly/3JjLIXd.

1

The first quarter of 2024 in a nutshell? Prices up. Inventory down. For a more in-depth look at Q1 facts and figures — and the North Texas real estate market as a whole — check out our blog post: https://bit.ly/3JjLIXd.

6

2 Comments

CBRE Austin Inventory Update Our May Inventory provides an update on listings, escrows and closings. Visit property landing pages to access Virtual Data Rooms or contact us for details about a listing. Surprisingly, we are on pace to exceed 2023 volume. Having experience since 2002 and embracing collaboration has provided a great foundation for truly getting back to basics of brokering transactions. #cbre #cbreinvaustin https://lnkd.in/gCQAgqGF

2

HAR has released their quarterly housing affordability report for the Houston area. It is no surprise that while the median price only increased by 2.2%, the percentage of those able to afford a median price home in the area decreased. This is almost certainly due to rising interest rates. #realestate #nar #realestateinvestment #realtor #realtors #realestateagent #realestateagents #propertymanagement #propertymanager #propertymanagers #investmentproperties #investmentrealestate #buyandhold #buytolet #tenant #tenants #landlord #landlords #landlordtenantmatters #vacancy #rental #rentals #lease #leases #useconomy #houston #houstonrealestate #houstonrealtors #eviction #evictions #mls #housing #housingcrisis #texasrealestate #passiveincome #passiveinvesting #rentalproperty #rentalpropertymanagement #rentalmanagement #har #mls #economicrecovery #texasrealestate #houstoneconomy #texaseconomy #inflation #useconomy #federalreserve #interestrates #tax #nationalassociationofrealtors #fed #federalreserve #federalreservebank #monetarypolicy https://lnkd.in/gyP3nFXD

1

The first quarter of 2024 in a nutshell? Prices up. Inventory down. For a more in-depth look at Q1 facts and figures — and the North Texas real estate market as a whole — check out our blog post: https://bit.ly/3JjLIXd.

1

1 Comment

If you have any questions or need further information, please feel free to email us or schedule a call using the links below.   We are excited to share with you an incredible investment opportunity: Grand Riviera, a 206-unit apartment complex built in 1972, located in the thriving Irving submarket of DFW.   Why We Love This Deal: Solid Rent Growth: Grand Riviera has seen a solid 1.9% rent increase over the last 12 months, and our projections indicate a rent growth of 2.9%+ during the hold period. This could mean an organic rent growth of ~$200, offering exciting potential returns on your investment. High Occupancy: Currently at 96% occupancy, Grand Riviera is outperforming the market average. Planned Renovations: Our partnership plans to upgrade interiors with new appliances, granite countertops, modern cabinet fronts, and backsplashes, aiming for rent premiums of approximately $155 per unit. Amenities Upgrade: Enhancements to the pool, sport court, and dog park will boost tenant satisfaction and demand. Prime Location: Irving, the location of Grand Riviera, is strategically positioned between DFW International Airport and the Las Colinas Urban Center, home to over 2,000 corporate offices, including many Fortune 500 companies. This prime location offers excellent mobility with access to major highways, providing a solid foundation for your investment. Economic Stability: The area's diverse industries provide a stable tenant base, with further growth expected from DFW and American Airlines' planned $3B Terminal F.   Business Plan: Renovation Investment: Almost $20,000 per unit will be invested in capital expenditures, including interior and exterior upgrades. Modernization: Interior renovations will replace old appliances, update countertops, flooring, and hardware, and revamp kitchens and bathrooms. Exterior Improvements: Roof and foundation repairs, exterior painting, and deferred maintenance will be addressed. Amenity Enhancements: Upgraded amenities and bulk internet implementation will reduce tenant costs and create additional revenue streams.   Don't miss out, act now! We look forward to partnering with you on this exciting investment opportunity! Investment Details Offering Size: $13,350,000 Underwritten Hold Period: 3 years Class A Investment ($50k minimum, 9% preferred return) Net IRR: 17.9% Average Cash on Cash: 6.0% Equity Multiple: 1.61x Annualized Return: 20.3% Funding Deadline: June 14, 2024 Target Closing Date: July 5, 2024 Distributions & Communications Monthly distributions by the end of the month (starting in September 2024) Monthly updates and financial reports by the end of the month Detailed Quarterly reporting by the end of the month following the end of the previous quarter This is a 506(c) offering available to accredited investors only.

3

The Housing for All Webinar is live with K.D. Smith, MBA. of Hunt Realty Investments and Andrea G. of Charles Schwab discussing the state of housing affordability in Dallas and how we can create and preserve more housing for all.

5

Good Schools drive Property Values! One key metric for increased property values is good school districts. Follow the green and use caution in the blue! Source=Dallas Regional Economic Development Guide which has excellent information on anything DFW.

20

1 Comment