MIAMI-Over the last 12 months, the South Florida multifamilymarket has seen a notable increase in sales activity and this trendis likely to continue through 2010, according to Calum Weaver,director of operations for the CBRE Multi-Housing Private ClientGroup in Miami. He points to Real Capital Analytics’ data thatshows that in 2009, there were 45 trades totaling $550 million inthe region. Sales transactions were up 48% and dollar volume was up22% compared to 2008.

But not all sales wthat Weaver alludes to were traditionalapartment sales. With multifamily units going back and forthbetween their incarnations as rentals and for-sale product, thelines between these two categories have become blurred in recentyears.

Weaver notes that there were two types of multi-housing sales in2009 in South Florida, traditional Class B assets and fracturedcondominium conversions. About 60% of the deals were traditionaland 40% were in the latter category, he says.