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The Texas Triangle: Why Houston Workforce Housing Outperforms

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Most market analysis in multifamily begins with a familiar premise: identify where growth is strongest and position capital accordingly. While directionally useful, that approach tends to overweight expansion and underweight durability. Not all environments reward the same strategies. Within the Texas Triangle, Houston workforce housing presents a distinct case. Not because it offers the highest

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Basis Reset and Capital Dislocation in Houston Multifamily

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Recent pricing adjustments across the multifamily sector are often described as a correction in real estate fundamentals. This framing is imprecise. The current environment is better understood as a capital-driven dislocation, rather than a deterioration in underlying asset performance. Over the past cycle, multifamily acquisitions were structured under a specific set of conditions: These conditions

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