The Dallas Morning News | January 4, 2016 | by Steve Brown - "Dallas-Fort Worth apartment rents jumped by more than 6 percent in 2015 –the largest such annual increase for the area. 'We had record calendar year performance for rent growth,' said Greg Willett, vice president with apartment analyst MPF Research. The large average rent increases came as North Texas led the country in apartment leasing in 2015..."
Bisnow | July 30, 2015 | by Tonie Auer - "SPI Advisory is still in acquisition mode with plans to add about 700 more units before year's end while also investing more than $2M in renovations over the next 12 months across its portfolio, says principal Sean Mabarak..."
CNBC | June 18, 2015 | by Diana Olick - "America's rental apartments are full. Historically full, in fact. The national occupancy rate hit 95.3 percent in May, the highest on record..."
Bisnow | March 18, 2015 - "SPI Advisory doesn’t want to be another number in the multifamily bidding wars so principal Michael Becker is going off the radar to target off-market assets. And he’s already closed three this year..."
The Dallas Morning News | February 4, 2015 | by Sheryl Jean - "The Dallas-Fort Worth area added more jobs than any other metropolitan area in 2014, a feat it hadn’t achieved in at least two decades....The 2014 job growth rates for both D-FW and Houston (4.2 percent) beat the state rate of 4 percent."
Bisnow | The Deal Sheet | November 25, 2014 - "Here's proof that value-add deals can still be found if you turn over enough rocks. SPI Advisory closed two multifamily deals in Denton and Grapevine (totaling 378 units) with plans to turn the properties around and get market-rate rents..."
Bisnow | September 15, 2014 - "Value-add used to mean buying a foreclosed property that was 50% occupied. That was so two years ago. It’s costing more to get into any deals because rental rates and occupancy are higher than they’ve ever been, says MBP Capital principal Ryan Heddleston (left, with his 4-year-old daughter, Emma, and SPI Advisory's Michael Becker, with his 5-year-old daughter, Bree)..."
Multifamily Executive | March 12, 2013 | Jennifer Duell Popovec - "The effect of apartments on the national and local economies extends far beyond the construction stage...But if you stepped back to consider the economic contribution a new apartment community makes to its neighborhood—and further, the industry’s impact on the national economy—you’d be astounded."
Read the article Lone Star Rising published July 9, 2009 in The Economist to understand the economic impact the Texaplex (the highly populated triangular region formed by Dallas, Ft. Worth, Houston, Austin, and San Antonio) has on a national level.