Investors Worried about San Antonio
Multifamily investment sales are still going strong in San Antonio, but dropping oil prices have turned off the capital markets tap. We’ll look into the health of the sector at Bisnow’s annual San Antonio Multifamily Summit March 26—register now!
Berkadia managing director Brant Smith, a panelist, says San Antonio’s multifamily demand hasn’t been materially impacted by the changing oil markets. But investors and landlords are worried about how the shale play will fare and have been making knee-jerk reactions. Brant expects a stalemate between buyers and sellers this year. However, cheap financing will still drive deals, and he expects things to break loose in Q3 or Q4 of this year. Come hear more from Brant and others at our event, starting at 7:30am March 26 at the Sheraton Gunter.
