The two boards of directors have agreed and the price includes debt assumption.

Firms combine for a $75 million fund for needs-based seniors housing.

"If 1,000 people are moving to Miami a day, no one can create 1,000 new units in multifamily per day. There is opportunity out there. You have to pick your spots," one panelist said.

Trey Korhn and Vince Chillura of Valley Bank are seeing challenges to tight deadlines every day.