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Weaver, in his South Florida Multifamily 2019 Forecast report, stated that the near decade of strong performance is not setting up the multifamily sector in South Florida for another crash.
The property is currently 76% occupied. Bridge Investment Group, which acquired more than 6 million square feet of space in the US in 2018, says it plans to undertake a $5-million capital improvement program at the campus.
The co-head of private real estate at Goldman Sachs Asset Management Joe Gorin breaks down two recent Houston and Seattle deals and what they say about multifamily investments now.
Industrial owners at the forum said they do not foresee an oversupply of inventory in the next two years and believe cap rates will settle at 4.5% or less this year.