Sector Surge

Continued population in-migration and strong metrics are pushing apartment development and investment to new heights along the Gulf Coast.


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  • | 12:00 p.m. July 15, 2021
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COURTESY PHOTO — Passco Cos. acquired the 338-unit Altis Promenade complex, ion Lutz, for $92.9 million.
COURTESY PHOTO — Passco Cos. acquired the 338-unit Altis Promenade complex, ion Lutz, for $92.9 million.
  • Commercial Real Estate
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Despite continued COVID-19-related uncertainties and questions about economic sustainability, apartment developers and investors along the Gulf Coast are surging ahead with new projects and purchases.

As the pandemic continues to be brought under control in Florida, multifamily rental developers are proceeding with a slew of new offerings throughout the region — projects that will result in thousands of new units.

 

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