Rent growth is very strong in the entire Tampa MSA but particularly strong in infill locations like Central Pinellas and Clearwater.

Passco is drawn to Atlanta because of its numerous demand drivers, booming employment growth, and a geographic landscape that has fostered an expansive sprawl of desirable places to live and invest.

Don't be fooled by all the development and growth happening in downtown Miami as big investment opportunities are in store in more suburban areas, experts said.

To date the partnership has commenced two multifamily development projects in Boston and in Fort Lauderdale, FL.

The company is entering a phase of aggressive acquisitions.

Dougherty provides mortgage banking, brokerage and investment banking services in 21 US states.

With cap average cap rates falling between 5.6% to 6.9%, investors can acquire high credit tenants at a relatively higher yield.

The portfolio traded for $25.3 million and the going in cap rate was just under 5%.