{"type":"rich","version":"1.0","provider_name":"Transistor","provider_url":"https://transistor.fm","author_name":"Deal Flow Friday","title":"The Texas Reset: Jack Stone - Greysteel","html":"<iframe width=\"100%\" height=\"180\" frameborder=\"no\" scrolling=\"no\" seamless src=\"https://share.transistor.fm/e/07bde6a3\"></iframe>","width":"100%","height":180,"duration":2457,"description":"In this episode of Deal Flow Friday, David Moghavem sits down with Jack Stone, Managing Director at Greysteel and co-host of CRE Daily and the No Cap podcast, to break down the current state of the Texas multifamily market and where real opportunities exist today.Jack shares an inside look at what’s happening across Dallas-Fort Worth and broader Texas, highlighting the massive wave of new supply that has reshaped the market, particularly in Class A assets. With concessions rising and rent growth flattening, investors are being forced to rethink traditional strategies and timelines.The conversation dives deep into the growing divergence between asset classes. While institutional capital continues to chase newer, “flight-to-quality” deals, Jack and David point to a compelling opportunity in Class B and C workforce housing. With fewer buyers able to raise capital in today’s environment, these assets are trading at significantly reset bases, creating potential for strong long-term yield—if bought right.They also unpack the realities facing overleveraged deals from the 2021–2022 cycle, the role lenders are now playing in restructuring transactions, and how creative capital stacks are emerging to bridge the gap between buyers and distressed opportunities.Beyond Texas, Jack reflects on insights gained from interviewing top industry leaders through CRE Daily, offering a broader perspective on how multifamily stacks up against other asset classes in today’s market—and why real estate decisions are increasingly driven by relative value across sectors.Chapters00:00 Introduction: Jack Stone - Greysteel, CRE Daily, & No Cap Podcast Co Host03:16 Market Insights: Texas Real Estate09:16 The Importance of Relationships in Brokerage10:40 Why Texas? Different Opportunities in Class A, B, & C Properties15:05 Current Market Dynamics and Opportunities18:06 Lender-Borrower Relationships in Today's Market21:11 Class B and C Workforce Housing Opportunities24:09 Cash Flow and Investment...","thumbnail_url":"https://img.transistorcdn.com/4CCvylFxdsaNNVGdB1dUOC4NLsR9R2eQL8p1_hY2q7Y/rs:fill:0:0:1/w:400/h:400/q:60/mb:500000/aHR0cHM6Ly9pbWct/dXBsb2FkLXByb2R1/Y3Rpb24udHJhbnNp/c3Rvci5mbS83NmRk/ZTI0ZGQ1OTRiOTFm/MzAwYzY5MGE1ZmIy/YTk2YS5wbmc.webp","thumbnail_width":300,"thumbnail_height":300}