MIAMI—
“Real estate investment demand remains very strong across most property sectors such that we expect a very active fourth quarter in South Florida,” Capas says. “Although we are witnessing robust demand across most investment property categories, the multifamily sector is the market leader in our estimation.”
As Capas sees it, multifamily investor demand is widespread ranging from private individuals to institutions. Strong market fundamentals have dramatically increased the desirability of older properties, he says, which offer attractive yield enhancement potential to be realized through property upgrades.
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