Colliers International Group has acquired Dallas-based Greystone Sales Group, also known as GREA Dallas, to strengthen its multifamily investment sales platform in the United States. The acquisition brings a 25-person team led by Todd Franks into Colliers’ operations. The terms of the deal were not disclosed.
This move is part of a series of recent acquisitions by Colliers that have contributed significantly to its revenue growth. Earlier this year, Colliers acquired Canadian engineering firm Higher Ground Consulting and Chicago-based Terra Consulting Group. These deals helped boost the company’s revenue by $436 million, representing a 67 percent increase compared to the previous year.
Gil Borok, president and CEO of Colliers U.S., said that expanding in North Texas is central to the firm’s national multifamily capital markets strategy. “Greystone gives Colliers more firepower in the multifamily space where Dallas-Fort Worth is one of the busiest markets in the country,” Borok said. He cited strong economic fundamentals, population growth, and investment activity as key factors for focusing on North Texas.
According to Colliers, nearly 47,000 multifamily units were under construction in Dallas-Fort Worth at midyear, with another 18,000 expected by mid-2026. This pipeline ranks DFW second nationally behind New York City based on data from RentCafe. U.S. Census Bureau figures indicate that over 450 new residents arrive daily in the region, putting it on track to surpass Chicago as the nation’s third-largest metro area by 2030.
The acquisition reflects how population growth in North Texas is driving demand across multiple sectors beyond apartments. Retail leasing activity has increased, hotel development is rising, and office market demand has shown signs of stabilizing.
It remains uncertain whether Greystone’s team will move from their current office on LBJ Freeway to Colliers’ Uptown Dallas location at 17Seventeen tower on McKinney Avenue.
