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.