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The Walker & Dunlop team has now closed three new South Florida apartment development transactions for HG Management, totaling nearly $350 million in sales volume.
“Proven rent premiums for redeveloped units in this market make the community an excellent opportunity for a value-add addition to our portfolio,” says Wilkinson Corporation's George Waymire.
"We do believe there is considerable value to add through investments in social, recreational, and business amenities,” says Steve Card, principal and regional director, Mid-Atlantic, for Rubenstein Partners.
The Florida Realtors trade group reports that sales of single-family homes in the first quarter fell slightly by 0.9% with a statewide total of 60,204 transactions. The median statewide single-family home price at the end of the first quarter was $248,000, up 9.7% from the first quarter of 2017.