(l-r) JLL senior director Maurice Habif as well as directors Simon Banke and Victor Garcia, all based in Miami. Courtesy photos
A Tampa-based multifamily owner-operator bought garden-style Nova Central apartment community as a value-add investment for $30.3 million.
August 13, 2019 at 02:26 PM
1 minute read
South Florida real estate reporter
Investors are so eager to own apartment properties in the strong South Florida multifamily market that they are turning to older product.
These are value-add investments, meaning buyers renovate these apartment communities and then increase rents to market rate.
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