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Colliers sells single family rental portfolio in East Dallas

 

Colliers Houston has negotiated the sale of a single family rental home portfolio in the heart of the thriving East Dallas neighborhood located within the 635 Loop and Lyndon B Johnson Freeway, between Interstate 30 and 45. The portfolio was a 35 unit listing consisting of 35 homes with two additional duplexes. The 100% occupied collection of homes offered an ideal investment portfolio with room for growth with the average year built in 1967.

 

“Investor interest in the single family rental space has been tremendous, especially in top markets like Dallas.” says Jim Humphries of Colliers. “That interest was borne out in the activity and pricing for this particular portfolio of homes.”

 

With waves of renters moving from apartments to single family rentals due to pandemic restrictions and changing demographics, demand for renters wanting more space in the suburbs outside of dense cities is at a all-time high. The market is pushing for affordability in housing, further fueling interest in single family rentals.

 

Humphries represented the seller, Colton Properties, LLC in the sale. The buyer was Pagaya, a New York based investment group.



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Jim Humphries

Vice President

Houston

Jim Humphries joined Colliers in Houston in 2015 and is part of the Colliers Investment Services Group (CISG). He specializes in multifamily assets with an emphasis on properties within Texas and the Southern United States.

Colliers Houston’s ISG team takes a consultative approach to commercial real estate which includes developing and executing strategies that are both consistent with its clients’ objectives as well as feasible in the current market environment.

Jim has 10 years of multifamily real estate experience. Before joining Colliers, Jim was an  analyst with the HFF Houston Multifamily group where he was directly involved in more than $6 billion in transactions. In that role, his responsibilities included underwriting and market analysis for both existing and to-be-built acquisitions and dispositions.

Jim’s primarily focus is on multifamily investment services and capital markets. His responsibilities include multifamily investment sales, business development, financial and debt analysis, market research, due diligence and offering memorandum production.

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