
Dallas-Fort Worth has been one of the most closely watched multifamily markets in the United States over the past several years. Long-term population and employment growth, rapid corporate relocations, relative affordability and a deep, diversified economy have helped draw a nation-leading influx of people and investment to the region. At the same time, the market has had to work through one of the largest waves of new apartment supply in the country. Today, that picture is changing. Construction activity is moderating, demand continues to absorb new inventory, and the market is moving into a different phase of the cycle.
One that we believe presents an attractive opportunity for multifamily investment.
Home to nearly 8.5 million people and ranking among the country’s leading metropolitan areas for population growth, DFW continues to benefit from compelling underlying fundamentals that remain compelling. Between 2020 and 2025, the region gained roughly 270,000 residents through net domestic migration—more than any other U.S. metropolitan area. In the first half of 2026 alone, the market absorbed approximately 18,600 apartment units, second only to New York nationally. With 24 Fortune 500 headquarters and continued corporate investment, the region’s economic base remains deep and diversified. Together, these durable demand drivers and an improving supply backdrop are creating a more constructive environment for selective multifamily investment.
In the latest episode of Boardroom Brief, Alex Nisenker sits down with Karl Brady, President of Greybrook Multifamily, and Grant Raymond, Senior Director of Texas Multifamily Advisory Group at Cushman & Wakefield, to explore why Dallas-Fort Worth remains one of Greybrook’s highest-conviction U.S. multifamily markets, and why the opportunity today looks different than it did a few years ago.
They unpack what the headlines around oversupply may be missing, including how today’s absorption is measuring up against the remaining supply pipeline, and why the economics of new construction are changing the competitive landscape for existing assets. They also discuss why stabilized Class B communities can be particularly well-positioned in this environment, and why submarket and asset selection remain critical when evaluating opportunities across DFW.
Listen to the latest episode to hear why Greybrook continues to have strong conviction in Dallas, how that conviction is reflected in the Fund’s recent acquisitions, and what this point in the cycle could mean for investors evaluating multifamily opportunities in one of America’s largest and fastest-growing markets.

Why Dallas-Fort Worth remains a high-conviction market despite the oversupply narrative — and why the focus is shifting from how much supply was delivered to what future supply looks like.
What the current cycle means for multifamily investors, including declining deliveries, strengthening absorption and potential opportunity created by today’s pricing and yields.
Why Dallas isn’t one market, and how Greybrook evaluates submarkets based on employment, population growth, affordability, schools, supply and other local fundamentals.
What makes today’s entry point different and how Greybrook sees a convergence of strong long-term fundamentals, attractive entry pricing and future growth potential.
Visit Greybrook U.S. Multifamily Income & Growth Fund to learn more