Higher for longer interest rates, the withdrawal of traditional lenders and the waning of a two-year surge in rent growth don't appear to be dampening interest in multifamily trades in South Florida.
In fact, the arrival of summer has seen an uptick in multifamily investment sales activity in the market.
A bevy of recent transactions in South Florida includes Chicago-based Mesirow's purchase for $89M of The Retreat at Sawgrass Village, a 325-unit apartment complex near the Sawgrass Mills mall in Sunrise.
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