Larry Stockton Larry Stockton

MIAMI—Colliers International South Florida recently closed on a $61 million off-market transaction for a multifamily property located in West Kendall. The transaction highlights the growing appetite for class B and C apartments as demand for affordable market-rate rentals skyrockets in South Florida.

Investors are chasing these types of deals at a time when there’s a growing supply of class A product being delivered in South Florida, particularly Miami. GlobeSt.com sat down with Larry Stockton, senior vice president of Colliers International South Florida, to find out more about this trend.

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