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JF 3890: Multifamily Development, Steel Construction, and DFW Market Trends ft. Phillips Wagner

7 snips
Apr 29, 2025
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ANECDOTE

Relational Land Acquisition Story

  • Phillips Wagner shared an example of buying raw land in Sherman, Texas, near a major chip plant development.
  • This relationship-building approach helped secure land for multifamily and industrial projects.
INSIGHT

Vertical Integration Controls Costs

  • Mill Street Partners vertically integrates development, construction, and property management to control costs and efficiency.
  • This strategy helps to better manage construction budgets and project timelines.
ADVICE

Use Municipal Incentives Strategically

  • Target pro-growth municipalities offering zoning entitlements and real estate tax abatements.
  • These incentives significantly reduce development risk and improve project returns.
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