Tendency to increased allocations and capital flows. With most institutions—not to mention high-net-worth investors—still being under allocated to real estate, combined with the strong four- and five-year performance of both NCREIF and NAREIT, we can expect more investment capital coming into commercial real estate.
The significant amount of capital would be vexing if not for the fact that real estate seems to offer some of the best risk/reward propositions around, particularly given the multi year run-up in equity and bond values. Look for higher allocation targets, and more foreign and retail investor money to continue to push capital values up well beyond the 2007 peaks.
Florida is the top tourist destination in the world with 91.5 million visitors in 2012 • 1250 golf courses more than any other state• 370,000 hotel rooms
•Florida is the 3rd largest state in US with 19.32 million people as of 2012 • Number of people who move to Florida each day – 1,000
• One of the 7 States with NO State Income Tax. State Sales Tax – 6% / Corporate Tax – 5.5% • Beaches – 663 Miles
• SF nation’s eighth-largest metropolitan area with 5.8 miles of beaches, 11,000 miles of rivers, streams and waterways
•7,700 lakes, 4500 islands
• most populated metro area Miami, Fort Lauderdale, Pompano (South Florida) 5,670,125
• Miami among regions with most hotel rooms under construction
• Orlando ranked 40th in the United States for venture capital investment, while Florida as a whole ranked in the top 10 nationwide.
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