James Morrison

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    The two-property portfolio located in Sarasota, Fla., traded to a 1031 exchange buyer for $9.5 million. The brokerage firm represented both parties in the deal.

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    The city's multifamily market continues to be one of the most stable in the U.S., while its long-term fundamentals create and attract high-skilled workers. However, the area faces a housing shortage due to high demand.

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