Unraveling the Multifamily Market
Trends & Strategies for 2024
LIVE Webinar: February 29th 2024 at 7 PM
What You’ll Learn:
Are you tired of trying to decipher the noise in the media about multifamily? Not sure what to believe or who to trust? Is multifamily investing right for you? Are you concerned and seeking clarity from experienced operators and industry experts?
The benefits of Multifamily Investing with a trusted operator.
The economic forces that drive the Texas multifamily market.
Owner strategies for buying and financing deals in the current market.
Gain a clear picture of market dynamics and how it’ll help your investment strategies.
Who Should Attend Multifamily Outlook?
No matter if you’re an experienced multifamily investor or just dipping your toes into the sector, this experience promises to bolster your confidence within the multifamily industry. It will provide you with a more profound understanding of market intricacies and empower you to make well-informed decisions. Your journey towards multifamily real estate success is set to become clearer and more achievable.
We Will Answer:
- What are the economic forces shaping the Texas multifamily market?
- How does Texas differ from the national market?
- What do multifamily construction pipeline, rent growth, and occupancy projections look like and more importantly, what does it mean for investors?
- What strategies are owners using to buy and finance deals in today’s world of fluctuating interest rates and cap rates?
- What tools and strategies are savvy operators using to achieve improvements in operational efficiencies, for sustainability and better returns in the long run?
- What emerging opportunities exist within the multifamily sector?
JLL Senior Managing Director, Capital Markets
Mark is a Senior Managing Director in the Dallas office of JLL Capital Markets, Americas. He has been involved in commercial real estate since 2000. His primary areas of responsibility involve capitalizing commercial real estate including multi-housing, office, retail, industrial, mixed use, hotels, seniors housing, and self-storage. Mark has facilitated structured finance solutions in conventional permanent financings, joint ventures, mezzanine debt, bridge loans, and construction financing. Over his time with JLL, Mark’s direct transactional experience exceeds $3.5 billion.
Prior to joining JLL in 2013, Mark was a partner and managing director/investments with E2M Partners and SRI Ventures LLC, affiliate companies of Sammons Enterprises. In both positions Mark was responsible for sourcing, qualifying, and executing equity investments for the Sammons companies. Prior to that, he was a director for HFF where he arranged financing for a broad range of real estate properties in excess of $1 billion during his six-year tenure. Before that, Mark was a professional baseball pitcher with the Boston Red Sox and the Texas Rangers.
Mark is an Alumni of the Associate Leadership Council, and a Texas Rangers Legacy Alumni member.
Experience By The Numbers
ABOUT REEP EQUITY
Headquartered in San Antonio, Texas, REEP Equity is vertically integrated with our in-house management company, REEP Residential. Together we focus on the multifamily sector and pledge incomparable commitment and service to both our residents and our investors.
Since inception, REEP Equity has bought, sold, and managed $720M of multifamily assets, more than 5,500 units across San Antonio, Houston, and Austin.
We have taken 9 properties full cycle, with an average historical investor return of 2.17X Equity Multiple – an average of 24% IRR and 34% AAR.
The company currently manages 23 properties, totaling 4,171 units, valued at over $600M+.
In 2012, Arleen and Jacob Garza combined their experience in finance and entrepreneurialism to launch Real Estate Equity Partners, “REEP.” Headquartered in San Antonio, Texas- REEP Equity is vertically integrated with its in-house management company, REEP Residential.
Together, the divisions focus is on acquiring and managing underperforming, income-producing, multifamily investments. Today, with 4,171 units, REEP has been named one of the fastest-growing companies three times by the San Antonio Business Journal and a 2023 Top Employer by the National Apartment Association. REEP’s in-house management sets it apart from industry competitors. The equity, asset, and property management teams work together to provide investments with consistent cash flow, equity upside, and tax benefits.