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Realtime multifamily insights and opportunities from one of the most active Land & Multifamily brokers in South Florida (+$3.3 billion closed & counting ! )
Interview with Fortune's CEO: Edgardo Defortuna Inside the Mind of a Miami Development Legend Watch Now Subscribe to Youtube This episode is brought to you by: Henry.AI Every broker and operator I know is losing hours every week producing decks. Henry is the AI platform solving that — OMs, BOVs, loan packages, and capital raising decks done in minutes. Join their waitlist at Henry.AI and click Omar Morales in the referral section for early access. Also supporting this episode is BuildPass — a...
Omar Morales Our team is working on roughly ~$375,000,000 dollars-worth of active listings so far in the first quarter of the year. Most of the opportunities are condo / multifamily development land listings and some are existing multifamily properties. Below are just a few. Feel free to reach out for more. The next newsletter will include a market update and some commentary from me. Multifamily Listings Opportunity To Acquire A 108-unit Value-Add, Garden-style Property in Deerfield Beach...
Miami Multifamily Memo Why you should not buy Multifamily in Miami right now Why you should not buy Multifamily in Miami right now: Cap rates are ~5% Debt is +6%. expense inflation Insurance has been a problem Supply wave in certain pockets Why you should: There are few buyers today. Most groups are net bearish, waiting for “a reckoning” Multifamily properties that traded for ~$400K/unit in 2022 are now trading for ~$300K/unit. The cost to build those assets have gone from ~$250K/unit to...