MIAMI-Central and South Florida multifamily properties are getting snapped up just about as fast as they come to market. Although some deals take longer to ink than others, the trend is clear: high-net worth individuals have a healthy appetite for acquisitions in the $2 million to $4 million range with a steady income stream.

Marcus & Millichap brokers across the state have carved out quite a niche in the class B and class C multifamily sector, often representing both sides of the transaction. In the last few weeks alone, a handful of deals have closed. Brokers expect to see the current pace of multifamily acquisitions continue into 2011.

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