Multi family mania

The multifamily sector along the Gulf Coast has been superheated since the end of the last decade's economic recession.

Fueled by a lack of new inventory and job and population gains in the Sunshine State, investors have flocked to acquire apartments for rent growth and appreciation.

As 2015 came to an end, though, experts felt new investment into the multifamily market from Pasco County to Collier County was due for a pause. That's because many well-located complexes had already traded hands, debt was becoming harder to come by and new complexes were sprouting up to compete with existing communities.