MIAMI—ARA's Florida office has closed $1.04billion in multifamily investment sales, landsales, equity capital placement, and financing so far this year—andthe firm doesn't expect the pace to slow down. After closing 42multifamily deals in 2014, the firm still has 19deals under agreement and 20 more active marketing assignments inthe pipeline.

“Multifamily investment sales remain a hotinvestment product due to high occupancies and strong rent growth,”says ARA founding principal Richard Donnellan.“With limited supply available, particularly in South Florida, coreproduct continues to be highly sought after by both institutionalbuyers and large private groups.”

ARA Florida has eight brokerage professionals that domultifamily deals across Florida. The team hastransacted more than $14.4 billion since its launched in 1995. Butthe multifamily landscape is changing.