Char Taking Ytech to Next Level

MIAMI—A nationwide multifamily investment and development company headquartered in Miami, Ytech International has invested in some 7,000 apartments and currently owns or operates a $300-million portfolio of 3,000 units in Florida and Texas, with $40 million in rental revenue in 2013. Yamal Yidios Char, 32, founded it from scratch in 2005.

“There will be many opportunities in the industrial sector and urban mixed-use properties,” Char tells GlobeSt.com. “Moderate- and high-income apartment investment prospects remain among the strongest. Retail has been slower to rebound here in Florida than other property types. However, with improved GDP and steady employment growth, retailers will expand in 2014. Nonetheless, consumer confidence is increasing in south Florida, and retail in urban infill areas is expected to improve along with it.”