Clint Duncan and Matt Phillips remember having to educate out-of-town investors about the state of Houston’s apartment market last year.

Despite the doom-and-gloom headlines about the energy downturn, Houston’s apartment market wasn’t as bad as the nation thought, the CBRE Group Inc. (NYSE: CBG) brokers would say. Yes, rents and occupancy rates are down, but multifamily operators weren’t going bankrupt or selling off distressed properties, they told clients.

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