Multifamily momentum multiplies

The red-hot apartment market cycle shows no signs of abating.

At least not at Tampa-based Franklin Street, where the firm's multifamily brokerage team arranged $103.8 million in apartment sales in Florida in the first quarter. The team includes Darron Kattan, Kevin Kelleher, Zachary Ames and Robert Goldfinger.

The surge, says Kattan, managing director at Franklin Street, stems mostly from the basics: fast job growth, solid economic fundamentals and high rental demand. “We have a flood of capital chasing a finite number of deals and that has created a very competitive market,” Kattan adds in a statement.