Last week there was an article in the Dallas Business Journal touting that North Texas is being targeted for Real Estate Investment
. After reading the article we decided to ask our resident Investment Services, Senior Vice President, Leigh Richter
for thoughts on the article. She also recently provided contributions for an article regarding the same subject for the Biznow.
“At the grassroots level, I have seen local businesses ready to make commitments to purchase facilities for their own use, rather than continue to pay rent. The proof is in the numbers for the portfolio of 13 buildings that I am selling for Maxim Integrated Products.
Out of the 9 buildings that have sold since October 2012, most of these sales have been to users. Two of the buildings recently sold to an investor that also plans to occupy part of the space.
The other non-user sale is to an out-of-state investor that sees potential upside in rent increases. Users are definitely interested in making acquisitions and are more positive about their businesses. These purchasers are having no problems in arranging financing.”
Just sharing our perspective. The full article for the Dallas Business Journal can be read here
Leigh has recently completed several Investment Sales deals so check out our Press Releases on our website.
July 8, 2013