Apartment deals surge throughout the Gulf Coast

After a COVID-19-inspired pause, investors in the final quarter of 2020 are once again pouring money into multifamily rentals throughout the region.

  • By Kevin McQuaid
  • | 6:00 a.m. November 27, 2020
  • | 0 Free Articles Remaining!
COURTESY PHOTO — Passco Cos. of Irvine, Calif., has acquired the Tapestry Cypress Creek apartments in Land O'Lakes, its fifth Tampa-area property.
COURTESY PHOTO — Passco Cos. of Irvine, Calif., has acquired the Tapestry Cypress Creek apartments in Land O'Lakes, its fifth Tampa-area property.
  • Commercial Real Estate
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Apartment deals took a hit throughout Florida this past summer, as COVID-19 fueled uncertainty and caused financing to pull back on commitments.

But since the start of October, multifamily rental transactions throughout Central and Southwest Florida have roared back — so much so that deal volume could eclipse the final three months of 2019.

 

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