MIAMI-Central and South Florida multifamily properties aregetting snapped up just about as fast as they come to market.Although some deals take longer to ink than others, the trend isclear: high-net worth individuals have a healthy appetite foracquisitions in the $2 million to $4 million range with a steadyincome stream.

Marcus & Millichap brokers across the state have carved outquite a niche in the class B and class C multifamily sector, oftenrepresenting both sides of the transaction. In the last few weeksalone, a handful of deals have closed. Brokers expect to see thecurrent pace of multifamily acquisitions continue into 2011.

Just over a week ago, Suburban Villas, a 36-unit apartmentproperty in Valrico, sold for $2 million. Casey Babb, a seniorassociate and multifamily specialist in the firm’s Tampa office,facilitated the sale on behalf of the seller, a Florida-basedprivate investor and the buyer, a private investor fromConnecticut.