Walker & Dunlop, Inc. closed over $820 million in sales and financings across Central Texas between January and August 2025. This underscores the region’s resurgence of demographic and economic growth.
Since the start of 2025, Walker & Dunlop Investment Sales has arranged over $320 million in conventional property and land sales, while the company’s Capital Markets team has arranged $500 million in acquisition financing, refinancing, and equity capitalization transactions across conventional and affordable properties.
“This performance underscores Walker & Dunlop’s ability to connect buyers and sellers, place capital, and execute in a complex market,” said Matt Pohl, managing director of Investment Sales at Walker & Dunlop. “Our integrated platform has helped clients move quickly on opportunities as the market pivots from an interest rate focus to fundamentals-based underwriting. Capital is returning to core growth markets like Austin and San Antonio as investors meet an entry point defined by tightening supply, strong absorption, and forward rent growth. The development pipeline has dropped to lows not seen in this market in decades, and absorption stats continue to set records. Market sentiment has shifted, and we are poised to pair investors with investment opportunities supported by Central Texas’ job and population growth.”
As of mid-2025, Central Texas is showing clear signs of stabilization and a shift toward balance. Property sales and financing volume is climbing, even in a volatile interest rate environment, fueled by rising capital demand and renewed lender activity in the multifamily sector.
Patrick Short, senior director of Capital Markets at Walker & Dunlop added, “Lenders are leaning into Central Texas with renewed conviction, taking a more disciplined approach to underwriting and competing aggressively for high-quality deals in Austin and San Antonio—growth markets supported by significant outside investment and institutional sponsorship,”
While cost relief has been seen in certain sectors, developers are still not seeing the relief some had hoped for which has caused challenges for new development in Central Texas to persist. This has proven an opportunity to purchase new construction class-A product well below replacement cost. While underwriting remains a challenge in today’s environment, the accelerating demand for multifamily paired with the attractive basis opportunities in the market have pushed buyer underwriting in anticipation of the growth to come.
Key factors fueling this sector include:
- Continued expansion from firms like Apple, Tesla, and Nvidia is fueling demand for both talent and office space across Central Texas.
- Mega-projects like Samsung’s $45B Taylor fabrication facility and the EV supply chain are driving long-term job growth and industrial absorption.
- Billions in upgrades to highways, transit, and airports are unlocking new submarkets and enhancing regional connectivity.
- Rising median household incomes, paired with lower unemployment rates.