Colliers International Group is doubling down on multifamily and planting deeper roots in Texas with its latest acquisition.
The global brokerage acquired Dallas-based Greystone Sales Group, also known as GREA Dallas, a 25-person multifamily investment sales team led by Todd Franks, Bisnow reported. The firm represents private and institutional investors across the country. Terms of the deal were not disclosed.
The move is part of a mergers and acquisitions binge that helped Colliers post a strong second quarter. The company snapped up Canadian engineering firm Higher Ground Consulting and Chicago-based Terra Consulting Group this spring, with acquisitions contributing $436 million in revenue — a 67 percent jump from last year.
Greystone gives Colliers more firepower in the multifamily space where Dallas-Fort Worth is one of the busiest markets in the country, said Gil Borok, Colliers U.S. president and CEO. Borok cited strong economic fundamentals, population growth and investment activity as top reasons Colliers is focused on North Texas as part of its national multifamily capital markets strategy.
The Metroplex had nearly 47,000 units under construction halfway through the year and another 18,000 scheduled for delivery by mid-2026, according to Colliers. That pipeline ranks DFW second nationally behind only New York City, according to RentCafe. With the region on track to surpass Chicago as the nation’s third-largest metro area by 2030 — more than 450 new residents arrive daily, according to the U.S. Census Bureau — the appetite for more multifamily units has been steady, even with higher borrowing costs.
The acquisition demonstrates how population gains in North Texas are bolstering more than just apartments. Retail leasing has rebounded, hotel development is picking up, and even the sluggish office market has seen stabilizing demand. For Colliers, the Dallas foothold is as much about capturing future growth as it is about immediate deal flow.
It’s not yet clear whether the Greystone team will relocate from its 5728 LBJ Freeway office to Colliers’ Uptown Dallas home at the 17Seventeen tower on McKinney Avenue. Either way, the brokerage now has another flag planted in a hot multifamily battleground.
— Eric Weilbacher
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