Realtime multifamily insights and opportunities from one of the most active Land & Multifamily brokers in South Florida (+$3.3 billion closed & counting ! )
*NEW* Episode with CEO Tere Blanca - Miami Dealmakers
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Miami Multifamily Memo
Realtime multifamily insights and opportunities from one of the most active Land & Multifamily brokers in South Florida (+$3.3 billion closed & counting ! )
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...
Miami Multifamily Memo Current trends and opportunities 2023 is behind us. How did pricing and transaction volume compare to years prior? Where will it go from here? Let's dig in. **if you’d like this data broken out by Miami Dade, Broward, & Palm Beach County, please reach out via email for the excel** Most headlines will point out that transaction volume is down roughly 60%, year-over-year. However, as predicted in my 2023 mid-year update, South Florida is back to a pre-pandemic average...