Cushman & Wakefield Executive Managing Director Calum Weaver is representing four LLCs that acquired 136 homes located throughout Broward County, Florida which are now on the market. South Florida Business Journal staffer Brian Bandell takes a look at this portfolio which enters the market during a time when analysts are speculating what will happen to homes acquired by investors during the Great Recession.
The homes are 98% occupied, and according to Weaver, this is the second-largest single-family portfolio that is currently being offered in the county, which has nearly exhausted it's large tracts of land necessary for single-family developments:
“Single-family home sales within the portfolio are available below pre-recession pricing,” Weaver said. “This provides an investor the best of both worlds, in-place cash flow and the potential to sell the homes individually at a significant premium in the future.”