Thoughts on investment in Victoria TX?

[Michael Dang]

I'm researching online data for Victoria TX.  Wanted to get some opinions on the economic, demographic, and overall climate for multifamily properties there.  Anyone invested in Victoria TX?  What do you like or don't like?

[Omar Khan]

@Michael Dang Was underwriting 2 properties in Victoria. 

For us, it depends on the size of the asset. I would shy away from 150+ units (unless you got the deal of a century), but the sub-70 units is not a bad spot for Victoria. If you're near the University, hospital or the Formosa offices, you'll do fine. 

What we don't like? Smaller market and less capital appreciation potential. 

What we like? Above comment + less competition, consistent/high income, stable employment.