Sule Aygoren Carranza is managing editor of Real Estate Forum and editor of Multi Housing forum, from which this article is excerpted.

Seminole, FL—In an effort to leverage the coverage of its network and capitalize on investors’ interest in multifamily product, Princeton, NJ-based NAI Global formed a specialty practice group focused solely on the apartment sector. NAI Global Multifamily Group will help owners, investors, developers and REITs with the acquisition and disposition of properties and portfolios and provide market research and valuation services. The group will also help owners and managers maximize the value of existing properties and reposition underperforming ones.

A year in the making, the NAI multifamily group brings together the capabilities of all the network’s branches into one house, says John Burpee, principal of NAI’s Tampa Bay office and national chair of the multifamily group. “We’ve got 5,000 associates in more than 350 offices in 45 countries and we feel that the multifamily business is very fragmented. By forming one centralized group focused on the sector, we can basically have a one-stop shop for the entire multifamily housing industry globally.”

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