Miami
Miami Multifamily Report – Fall 2019
Backed by above-trend job gains and a friendly business climate, the metro’s multifamily market remains healthy, despite accelerating development since 2015.
Fort Lauderdale Community Trades for $103M
Frankforter Group acquired the new 420-unit Atlantic Cypress Creek in South Florida.
Related Urban Unveils $600M Miami Project
The firm is partnering with Miami-Dade County on the second phase of a 2,600-unit development plan.
New York’s Rent Reform Pushes Investors Toward South Florida
As investors pull away from markets with rent control laws, the Sunshine State seems to be one of the greatest beneficiaries. Brown Harris Stevens’ Phil Gutman explains why it’s hard to match the advantages Florida has to offer.
FCP Acquires Florida Portfolio for $86M
Avesta Communities sold the 682-unit collection of properties located in Lake Worth and Palm Springs.
South Florida Community Sells for $47M
Canada’s Prism Multifamily Group purchased the 291-unit property in the Fort Lauderdale suburb of Tamarac.
Fort Lauderdale-Area Condos Command $19M
Prashkovsky Investments U.S.A. purchased 146 of the 192 units within the 4.7-acre property in Hollywood, Fla.
Grandbridge Closes $567M Portfolio Refinancing
The 11 multifamily assets—owned by Olen Properties Corp. and located in Florida, Georgia and Nevada—were recapitalized using GSE green financing loans.
AKAM Wins Miami Luxury Condo Management Contract
The firm continues to expand in South Florida, where it now oversees some 21,000 units.
Leasing Launches at Miami Student Housing Community
Scheduled for opening in 2020, The One At University City will serve students at Florida International University.