In this episode, I had the pleasure of speaking with Mark Allen, co-founder and executive director at GREA. Mark has extensive experience in real estate investing, particularly in the Dallas-Fort Worth market. We discussed the state of the market in 2023 and the challenges faced by investors, such as rising interest rates and insurance costs. Mark emphasized the importance of having a long-term mindset and focusing on quality assets and locations.
He also highlighted the significance of the operator’s experience and financial health in determining the success of a deal. While distress deals are not as prevalent in Dallas-Fort Worth, Mark believes it is still a good time to buy, as prices have adjusted and there are opportunities for those willing to navigate the market’s volatility. We will continue the conversation with Mark in the next episode to delve deeper into the future of the market and what buyers and investors should expect.
If you want to learn more from Mark Allen and connect with him, visit his website at GREA and connect with him on LinkedIn. Stay updated with his insights and expertise in the real estate industry. Don’t miss out on valuable opportunities to connect and learn from Mark!
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About Mark Allen:
Mark Allen, Co-Founder and Executive Director at GREA, boasts extensive REI experience since 2009. He oversees a portfolio of 5,000+ doors with a total value exceeding $1.5 billion. Specializing in multifamily owner representation, Mark facilitated $176 million in transactions (3,000+ units) during his inaugural year as a broker. Recognized as the 2018 SVN “Broker of the Year,” he has garnered additional accolades from SVN. DCEO Magazine also honored him as the DFW’s CRE 2018 “Rookie of the Year.” Before transitioning to real estate, Mark attended the United States Military Academy at West Point and served as a business development lead and consultant at MSC Software.
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