13% VACANCY RATE HOUSTON

[Jason Malabute]

Would you guys agree that in places like Pearland, Katy, League City, and Texas City the vacancy rate is still 13%?

I got 13% from a HUD report describing Southern Houston.

[Cody L.]

My Montrose stuff is 0% vacant. 

My SE Hispanic submarket properties are 1-5% vacant

My SE black american submarket properties are 10-20% vacant depending on the property. They’re by far the hardest to manage (just stating facts. Hispanic properties are the easiest)

Houston is a very “diverse” city they say. But that diversity, ironically, is heavily segregated into pockets.