MGroup Construction
In-house construction for DFW multifamily. We run it on our own assets first.
1,247
units rehabbed in 24 months across our own four communities.
Now available for owner-direct work in the DFW MSA.
What we do
We run the construction operation for MGroup Capital, a DFW multifamily operator running an 8-figure portfolio. The crew that turns our own units and runs our own capex now takes on owner-direct contracts for other operators in the metroplex. Cost-plus, open-book, no markup layers, no sub-of-sub margin theft.
Why this exists
Most operators outsource construction because the alternative is too hard. The trade is real: you save the in-house headcount, you give up the margin. For a 100-unit asset doing a $1.8 million capex over 18 months, the difference between a 12 percent GC fee and our cost-plus model is roughly $180,000. Multiply across a portfolio.
We built our crew because we were tired of paying that markup on our own properties. Then we got asked. Now we take on three to five owner-direct contracts a year, capacity permitting, for operators we can actually do good work for.
If you operate multifamily in DFW and you are entering a value-add window, the rest of this page tells you whether we are a fit.
How we work
- 01
Cost-plus, open-book.
You see every invoice. We bill 12 percent on actual cost. No change-order games. No surprise allowances. No “rounded up to the contract amount” line items.
- 02
We bid only what we can execute ourselves.
If a job needs a trade we do not have in-house (specialty MEP, structural, environmental), we tell you up front and you keep the right to bring in your own sub at cost. We do not double-charge for trades we are not directly running.
- 03
Weekly written report, photo-documented.
You get a Friday email every week with line-item progress against budget, photos of every active work area, and a one-paragraph narrative from the superintendent. No surprises on a Sunday call.
What we have done
Real assets we have managed and rehabbed.
The Paxton
Fort Worth, 76112
415%NOI lift on the rehabbed unit stack vs pre-acquisition
Full interior turn program, 96-unit phased capex, exterior pop-up paint.
Read the projectBelmont Place
Dallas, 75206
Scope and headline figure being confirmed.
Scope summary forthcoming.
Read the projectPaisley at Arlington
Arlington, 76015
Scope and headline figure being confirmed.
Scope summary forthcoming.
Read the projectThe Ashton
Arlington, 76015
Scope and headline figure being confirmed.
Scope summary forthcoming.
Read the projectWhat we will not do
- We will not work outside the DFW MSA in year one.
- We will not bid fixed price for full GC risk below cost.
- We will not chase ground-up new construction. Value-add and capex only.
- We will not take a job we cannot supervise weekly in person.
The benchmark
We published the actual line-item costs from our own portfolio.
A one-page benchmark of twelve cost categories from MGroup's most recent turn and capex cycles, redacted on property names and dates, with the market quote range alongside our in-house number. No email gate to view in the browser; email gate only if you want the PDF.
Contact
If you are an operator in DFW and you want to talk about a specific property, write to us directly.
We respond inside 24 hours, Monday through Friday. If you do not hear back, your email landed in the wrong folder; resend to corey at mgroupcapital dot com.