Rental rave

Five years into a nearly unprecedented multifamily rental growth cycle, the economic laws of nature should be signaling that the sector is due for a correction.

But a trio of decidedly different recent apartment deals in the Tampa area indicate investor demand for rentals along the Gulf Coast — even at high-dollar prices — shows few signs of waning.

Each of the three deals — Crescent Westshore, Grand Reserve at Tampa Palms and the Bayview Apartments — involved out-of-state buyers interested in expanding existing footprints in Florida.