HOUSTON BUSINESS JOURNAL (October 6, 2017) – Hurricane Harvey has not only impacted the housing market, but it also put several thousand apartment units out of commission, another real estate analytics company has confirmed.
Richardson, Texas-based RealPage Inc. (Nasdaq: RP) reports that the number of damaged apartments in metro Houston is 43,000 — about 6 percent of existing units — according to a press release. Not surprisingly, the company also found that the areas downstream from the Barker and Addicks reservoirs have the most non-operational apartments.
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