MIAMI—How do you manage projections knowing that the price of labor and construction material is slated to go up due to high demand? That's one of the questions we asked Rey Melendi, a former executive of Rialto Capital Management and president of Lennar's southeast Florida land division, who now oversees 13th Floor's development, construction and operational asset management of the sponsor's investments.
GlobeSt.com caught up with Melendi to talk about this, as well as where to find opportunities at a time when property values are increasing and distress assets are pretty much gone and other issues in part two of this exclusive interview. You can still read part one: What's Unique About Miami's New Boom.
GlobeSt.com: We are seeing a lot of residential construction on the horizon. How do you manage projections knowing that the price of labor and construction material is slated to go up due to high demand?
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