FAA APTitudes Newsletter
November 2017 | The monthly e-newsletter of the Florida Apartment Association

Market Report

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Statewide

11/29 Construction Recruiters Sought After in Florida Multi-Family Market

Construction recruiters are being sought after in record numbers throughout Florida's multi-family booming construction market. Top Florida general contractors are seeking the help of outside firms to find key talent to build their new projects. Read more.

11/20 Hunt Mortgage Group Refinances Two Multifamily Properties in Florida with Fannie Mae Small Balance Loans

Hunt Mortgage Group, a leader in financing commercial real estate throughout the United States, announced today it provided Fannie Mae Small Balance Loans to refinance two multifamily properties located in Florida. The total Hunt Mortgage Group investment was $4.1 million. Read more.

Northeast

11/29 GoldOller Real Estate Investments Acquires An Iconic Jacksonville Apartment Community

GoldOller Real Estate Investments announced its acquisition of the Villages of Baymeadows Apartments, a 904-unit rental community in Jacksonville Florida, purchased from an affiliate of Harbor Group International, LLC.  Read more

Central

11/27 Lantower Residential Acquires 282-Unit Apartment Community in Southwest Orlando Market

Dallas-based Lantower Residential announced the acquisition of Lantower Grande Pines in the heart of the I-4 tourism corridor in southwest Orlando. Read more

Bay Area

11/27 Preferred Apartment Communities Acquires 180-Unit Multifamily Community in Tampa

Preferred Apartment Communities announced the acquisition of a 180-unit Class A multifamily community in Tampa constructed in 2016 called Overlook at Crosstown Walk. Read more.

11/14 Construction starts on new Tampa apartments with rooftop bay views

The Altman Companies began construction this week on Altis Grand Central, 314 studio and one, two-and three- bedroom apartments near the University of Tampa. Read more.

Southwest

11/28 EHC Inc. Starts Two New Projects in Southwest Florida

EHC Inc., a construction company that provides pre-construction, earthwork, and infrastructure services, has started development of the Springs at Port Charlotte in Port Charlotte and Helms Road in South Labelle. In addition, EHC completed Tuscola in North Port, 16 miles of I-75 improvements in Sarasota and Charlotte Counties, and SR 84/Davis Boulevard in Collier County. Read more.

11/10 Cape Coral, Fort Myers apartments target premium renters

Developers target prime locations to build communities with luxury amenities and nicer finishes. Read more.

Southeast

11/22 11-story apartment project breaks ground in Pompano Beach 

The Envy apartment towers, which is part of the Koi master-planned community in Pompano Beach, have broken ground with a $28 million construction loan. Read more

11/22 Two Apartment Buildings Proposed for Downtown Boca Raton

A subsidiary of sugar producer Florida Crystals Corp. wants to build two apartment buildings in Boca Raton to breathe life into a blighted downtown area. Read more.

11/2 Walker & Dunlop Closes Sale of 398-Unit Multifamily Community in South Florida for $135 Million

Walker & Dunlop announced that its subsidiary, Walker & Dunlop Investment Sales, has closed a $135,000,000 sale for The Manor CityPlace Apartments, a 398-unit, upscale multifamily property in Doral, one of South Florida's most sought-after submarkets. Read more

 

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