Hitting Critical Mass

While investors overall continue to find the Gulf Coast multifamily rental market attractive — for a third consecutive year — several companies are taking a “more is better” approach.

Northland Investment Corp., Federal Capital Partners and Radco Cos., among others, each have acquired at least a half dozen apartment properties in Tampa and elsewhere over the past three years.

Each maintains owning multiple complexes within a submarket allows for greater knowledge of market nuances, operating efficiencies, greater leverage with vendors and the ability to capture higher caliber employees.