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Mark Allen Multifamily

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Vice Chair, Investment Sales | Colliers | DFW Multifamily Capital Markets

10/19/2026

Same exit cap as going-in cap? Not anymore.

10/16/2026

A case for Class C over Class A in a rising rate environment.

10/14/2026

Wrapping up the marketing today on this 1,037 unit, 3-property multifamily portfolio.

Pricing has reset in Dallas-Ft Worth. Properties that were selling for $150-200k/unit are now selling for $50k-80k/door.

If you’re in the market for incredible opportunities, let’s connect!

10/12/2026

Revenues still haven’t bottomed in DFW.

We track roughly 3,900 properties across the metro, 25 units and up. Average DSCR slipped again in Q3 to 1.04x. September effective rents landed at $1,323, down 1.9% year over year, and occupancy is sitting at 90.3%.

A 1.04x means a lot of owners are covering debt service with almost nothing to spare. That gets uncomfortable fast if anything else moves the wrong way.

More coming this week on older vintage properties and where pricing goes from here.

06/15/2023

Texas Property Tax Update

I recently shared an article that I contributed to D Magazine about the challenges multifamily owners face with slowing rent growth, higher cap rates, and double digit increases in our biggest expense category… property taxes (link in comments).

Although a bill hasn’t been passed, they’re getting close. Here are highlights from the recent legislative meetings:

- House and Senate introduced bills to lower property tax rates
- House wanted to include an appraisal cap, while Senate insisted on no appraisal cap but an increase in the homestead exemption
- Attempts at compromise during the session failed, leading to a stalemate
- $5 billion appropriation for tax rate compression was passed, and another $12 billion for property tax relief is awaiting guidance
- Governor proposed putting the $12 billion into tax rate compression, which the House accepted, but the Senate promptly adjourned without passing it
- A bill needs to be passed and put on the November ballot as a constitutional amendment to avoid violating spending limits
- Compromise is likely to include rate compression, homestead exemption, and potentially an appraisal cap
- Talks about compromise are ongoing, but there is disagreement between the lieutenant governor and Governor

05/24/2023

ON MARKET: Legacy at Crowley | 96 units + Phase 2 Land with Approvals | Crowley, TX

05/23/2023

Just brokered the sale of 2 Dallas-Ft Worth Multifamily properties.

Both workforce housing, one in Dallas, the other in Ft. Worth. Both stabilized, value-add deals with hard contracts; contract-to-close ~75 days

Seller
1. Japanese Seller on 5-year depreciation schedule. Purchased in 2017 so they fully depreciated asset.
2. Local ownership; Purchased in 2018 and executed business plan.

Buyer
1. Local Buyer executed agency debt in the low 60% LTV range
2. Out-of-state Buyer, bridge debt ex*****on

IMO, I don’t feel that multifamily sales velocity has slowed or picked up pace in the last month - It’s remained stable since beginning of year. I do feel like the general stability in UST yields over the last two months has helped align price expectations and make deals.

The better the property and location quality the more the Buyer demand. In my opinion, the toughest deals to sell right now are 60s/70s vintage over $20M as the syndicator pool raising “retail” equity has diminished. Institutional equity is very conservative, so private capital is taking advantage of Class A assets, many below replacement cost.

Looking at our pipeline, I’m expecting velocity to pick up pace in the 2nd half of the year as all those deals that traded in 2020/2021 have executed on plan or are forced to sell due to maturities.

Despite rent growth normalizing, and property tax and insurance increases, multifamily is still one of the most in-demand asset classes.

Let’s keep making win-win deals!

05/23/2023

Property Taxes are killer in Texas! Check out my latest article.

“Multifamily owners, the TAA, and local and state leaders must work together to find creative solutions. Through a cohesive effort, they can help ensure that all stakeholders can benefit from a fair and equitable tax system that supports schools and infrastructure while promoting long-term economic growth and stability.”

GREA's Mark Allen discusses the effect of rising property taxes on a sector already dealing with higher costs of capital and softening rent growth.

12/01/2022

Just Closed!

Previously listed by another firm, we procured multiple offers in a 10-day period. Ink’d a hard contract a week later with $500k nonrefundable. A bit of choppiness with the 10T yield jumping ~100bps within the first 45 days, but the transaction held and closed on time.

Congratulations to all parties involved helping to make this a smooth transaction!

12/01/2022

After over 40 years of ownership, our long time client engaged us to sell his last two market rate assets.

Congrats to TriWest Development / TriWest Multifamily on the successful purchase of two great value-add assets. Very efficient and sharp team that navigated the choppiness well, ultimately closing in 75 days.

Address

5728 Lyndon B Johnson Freeway
Dallas, TX
75240

Opening Hours

Monday	9am - 5pm
Tuesday	9am - 5pm
Wednesday	9am - 5pm
Thursday	9am - 5pm
Friday	9am - 5pm

Telephone

+14696103542

Website

http://colliers.com/

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