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Multifamily properties have been a hot commodity in recent years. And potential threats on the horizon in terms of looming interest rate hikes and a growing development pipeline have yet to cool investor enthusiasm.
“If you talk to any multifamily specialist across the country, particularly in the Sunbelt and on the coasts as well as in Chicago, the demand is through the roof,” says T. Sean Lance, CCIM, ALC, a founding partner at Vertica Partners in Tampa, Fla. That is certainly the case in Florida where capital is flowing into the state from domestic buyers as well as foreign investors from South America, Europe, and Canada.
fundamentals and positive economic and demographic trends that support renter
demand have stoked buyer interest. “Multifamily investment...
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