MIAMI-J.I. Kislak Inc., a national investment company based in Miami Lakes, FL, is planning to expand its commercial real estate portfolio by acquiring multifamily properties, including broken condominiums, in the Sunbelt, primarily in Arizona, Florida and Texas.

The company expects to deploy upwards of $200 million in this effort, a figure which includes leverage and the support of partners as well as Kislak’s own capital, says Dung Lam, the company’s chief financial officer, who did not disclose how much of the capital is from the company’s own balance sheet.

Although there are no properties that Kislak has under contract, says Lam, “we are seeing lots of deals because the bid-ask spread between buyers and sellers (of multifamily properties) is narrowing.”