Why this developer is bullish about Houston’s multifamily industry despite the oil slump

Houston’s multifamily industry has been hit hard by the oil slump.

Rental growth has slowed, vacancies are up and the pipeline for new apartment projects has all but dried up.

But Iggy Grillo remains bullish about the apartment market in the Bayou City. That’s because the vice president of development for Stream Realty Partners LPhas focused on a special niche in multifamily: the active-adult renter.

Click to read more at Houston Business Journal.