Impact of value-add on multifamily buyers: Hitchcock’s perspective featured in Texas Real Estate Business

Texas Real Estate Business recently featured Warren Hitchcock, senior vice president/senior director of NorthMarq Capital's Houston regional office, in an article beginning on the front page of its September 2018 issue. In the story, titled "Value-Add Opens Doors for Multifamily Buyers," Hitchcock notes that "The transaction velocity for value-add multifamily deals has been at historical highs in this cycle. The significant amount of capital flowing into the space, combined with the general lack of Class A product for sale, has pushed buyers toward the potential higher returns of the Class B and C value-creation deals." Read the full story here.