Multifamily Rents in the Dallas and Forth Area explode and which brings higher cash flows and returns than expected!
Now is a great time to be invested in multifamily real estate. US Market rent growth has been very strong and is at a pace of 3x the historical average. Market rent growth is a very positive indicator for higher cash on cash returns and higher valuations over the next 12 months.
We continue to remain disciplined as a company to maximize upside when available, continue to improve the resident experience, and target investment opportunities in locations which will see strong rent growth in the future.