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What Are The Safest Florida Investment Bets?

ORLANDO—With market dynamics changing, here's where you should consider investing now.

By Jennifer LeClaire | jenniferleclaire | | Updated on August 30, 2016
Allen Morris Company just broke ground on a $68 million mixed-use project in Maitland, FL, an Orlando suburb. Allen Morris Company just broke ground on a $68 million mixed-use project in Maitland, FL, an Orlando suburb.
ORLANDO—When it comes to capital markets opportunities in Florida, Marc Suarez has some clear perspectives. Suarez is director of Hunt Mortgage Group and one of the speakers at RealShare Central Florida this year. Suarez will share his insights at The State of Central Florida’s Capital Markets panel. RealShare attendeeds will hear strategies and details of current and potential deals, understand foreign investment activity, discover how investors and lenders are positioning capital today, hear the experts’ take on how the changing government entities might affect the sector, and gain insight into how properties are being financed, refinanced and capitalized. GlobeSt.com: What positive signs are you seeing in Florida’s capital markets? Suarez: People keep wanting to come here and live here. Although there are a lot of second home investors in Florida’s primary markets, there’s now a more established community. Many of these cities had lacked culture—such as museums and a real culinary scene. The fact that there is a bigger true user population absorbing residential real estate aside from all the talk of investor buyers is a positive sign to me. Millennials are growing up and having kids quicker than we hear in the media. GlobeSt.com: Where are the greatest or safest opportunities to invest? Suarez: Specialty products where you can count your numbers, such as affordable housing , purpose student housing, urban self-storage, and ALFs. GlobeSt.com: What warning signs or troubling issues are you seeing in Florida’s capital markets? Or what issues are you concerned could emerge? Suarez: I think you will see a correction on the condo market. But because of this correction construction costs are already starting to show signs of coming in. GlobeSt.com: What are the greatest challenges in the current market? Suarez: Lack of affordable housing. I fear that vacancy ratios will increase and that will affect rents. Steady gains in the US economy have resulted in net positives for the multifamily sector—will this wave continue for the foreseeable future? What’s driving development and capital flows? Join us at RealShare Apartments on October 19 & 20 for impactful information from the leaders in the National multifamily space. Learn more.

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