graphic courtesy of E Miami Condos 2015 has been a year of considerable condominium building across South Florida. Our friends at E Miami Condos created a pretty and colorful map…
Source: miami.curbed.com
South Florida is an anomaly when it comes to condominium construction due primarily to the influx of South American and European investors.
In part one of our four-part EXCLUSIVE analysis of the multifamily market, Capital One Multifamily s Grace Huebscher weighs in on the hardening of divergent views on the market s future.
Source: www.globest.com
The question comes up with more frequency….how many good years does the multifamily market still have?
According to a consensus view from investors, industry observers, and agency officials who participated in Capital One’s recent industry survey, the answer appears to be several years.
Wag your elbows. Flap them as if you’re a bird. Enjoy that feeling of freedom now, because elbow room in Florida is rapidly becoming a thing of the past.
Source: www.tampabay.com
The census made it official: Florida’s population in 2015 reached 20,271,272. Only California (39,144,818) and Texas (27,469,114) had more people, according to the bureau.
From July 1, 2014 to July 1, 2015 the population in Florida increased by 365,703 residents (1.84%) making it the 4th fastest growing state in the country behind North Dakota, Colorado and Nevada.
How investors in single-family properties can transition to investment and management of multifamily buildings.
Source: nreionline.com
Many successful apartment owners started as accomplished single-family investors. There are many benefits of multifamily properties, however, these properties need constant attention from owners unlike other asset classes such as retail, office or industrial.
Approved Internalization of the Company’s Management –
Source: www.reuters.com
Starwood Waypoint Residential Trust REIT announced its shareholders voted in favor of both the proposed merger with Colony American Homes and the proposed internalization of its management. Consolidation in the single family rental space continues to show strength as the industry evolves.
Plans have been approved by the Sarasota Planning Commission and will be voted on by county commissioners in 2016.
Source: www.bizjournals.com
Due to the success of the downtown Sarasota location, Whole Foods is adding a second store in the area. The plans call for a 40,000 sf store on the corner of University parkway and Honore Avenue and were recently approved by the Sarasota Planning Commission.