In the Florida markets we cover, there are 1,976 apartment complexes over 10 units that are owned by 1,000 +/- investors. There are 877 complexes over 100 units that are owned by only 414 +/-investors.
98.60% are from the U.S. (36 total states) and only 1.00% are from Canada.
The top 5 states represent 81.30% of all the owners.
In the Florida markets we cover, there are 1,993 apartment complexes over 10 units that are owned by 1,000 +/- investors. There are 889 complexes over 100 units that are owned by only 557 +/-investors.
99.10% are from the U.S. (39 total states) and less than 1.00% are from Canada.
The top 5 states represent 81.00% of all the owners.
Of all the inventory that exists over 10 units in the markets we cover in the above map 68.52% of the inventory is conventional housing, 11.34% is student, and 20.14% are affordable or senior. Here are some additional stats on the inventory that sold:
*Stats for Trailing 12 months ending 3rd Quarter 2021 and combine Classes A, B, and C. Please note the fewer sales in Student and Affordable make assumptions in those categories less reliable.
For the trailing 3 years, we’ve helped investors achieve a sale price that, on average, resulted in a 14.40% per year increase in value and a 3.61 multiple of their purchase price from the time they acquired the asset.