Colliers International Group has acquired Dallas-based Greystone Sales Group, also known as GREA Dallas, to expand its presence in the U.S. multifamily sector. The acquisition brings a 25-person investment sales team led by Todd Franks into Colliers’ operations. The financial terms of the deal were not disclosed.
This move is part of Colliers’ ongoing mergers and acquisitions strategy, which recently included purchasing Canadian engineering firm Higher Ground Consulting and Chicago’s Terra Consulting Group. These recent acquisitions contributed $436 million in revenue for Colliers in the second quarter, representing a 67 percent increase compared to the previous year.
According to Gil Borok, president and CEO of Colliers U.S., “Greystone gives Colliers more firepower in the multifamily space where Dallas-Fort Worth is one of the busiest markets in the country.” He highlighted strong economic fundamentals, population growth, and investment activity as key factors driving Colliers’ focus on North Texas within its national multifamily capital markets strategy.
Data from Colliers indicates that nearly 47,000 multifamily units were under construction in the Dallas-Fort Worth area halfway through this year, with an additional 18,000 units scheduled for delivery by mid-2026. This pipeline ranks DFW second nationally behind New York City, according to RentCafe. The region is expected to surpass Chicago as the nation’s third-largest metro area by 2030, with more than 450 new residents arriving daily based on figures from the U.S. Census Bureau.
The acquisition reflects how population growth in North Texas is impacting various sectors beyond apartments. Retail leasing has improved, hotel development is increasing, and demand for office space has begun to stabilize.
It remains uncertain whether Greystone’s team will move from their current office at 5728 LBJ Freeway to Colliers’ Uptown Dallas location at 17Seventeen tower on McKinney Avenue.
