ORLANDO—How much traction does the Tampa, FL multifamily market really have? Franklin Street just sold five apartment communities in five days for over $50 million.

Franklin senior director Kevin Kelleher, managing directors Darron Kattan and Robert Goldfinger, and director Zachary Ames brokered the multifamily deals. According to the company, all of the multifamily communities are located in close to Tampa's major employment centers and have strong potential for rent growth and added value through capital improvements.

"The Tampa Bay multifamily sector continues to be a seller's market, with more demand for quality apartments than supply," Kelleher tells GlobeSt.com. "Buyers are seeking the security of multifamily as an investment vehicle. Out-of-state investors still consider Florida to be very affordable."