With the fourth South Florida acquisition recently picked up by a multifamily investment partnership this year, Native Realty founder Jaime Sturgis discusses the unique market in a new CoStar article.
American Landmark, Electra America on a Spending Spree in South Florida
Hollywood Rentals Trade for $56M
Jaime Sturgis, founder of Native Realty in Fort Lauderdale and a broker for multifamily investors, said he doesn’t expect any looming slowdown for the apartment industry.
Sturgis said his clients are confident they’ll be able to fill their rental buildings, given rising home prices and the flexibility that renting offers to consumers.
“Multifamily is unique,” Sturgis said. “It’s considered by investors to be recession-proof.”