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Demand for These Multifamily Assets Incredibly High

MIAMI—“Florida’s surge in apartment sales activity is being driven by fast job growth, solid economic fundamentals and high rental demand.”

Darron Kattan of Franklin Street Darron Kattan of Franklin Street

MIAMI—How high is the demand for class B and class C multifamily assets in Florida? Franklin Street’s Tampa-based investment sales team arranged $103.8 million in multifamily sales in the first quarter of 2017. Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger o brokered the multifamily deals.

“A strong recent trend has been seen in sales of class B and C assets, built between the 80s and as recently as the early 2000s,” Kattan, managing director at Franklin Street, tells GlobeSt.com.  “Those properties offer great value and opportunity for the investor in today’s market. Many have below market rents that can be significantly increased after the property has been upgraded.”

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Jennifer LeClaire

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