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 project →Belmont Place
Dallas, 75206
Scope and headline figure being confirmed.
Scope summary forthcoming.
Read the project →Paisley at Arlington
Arlington, 76015
Scope and headline figure being confirmed.
Scope summary forthcoming.
Read the project →The Ashton
Arlington, 76015
Scope and headline figure being confirmed.
Scope summary forthcoming.
Read the project →What 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.