5200 S State Road 7, Hollywood, FL 33314 For Sale

Rentable area(units)= 193,104 sf

Rentable area(retail)= 10,212 sf

Rentable area (amenities)= 19,953 sf

Total rentable area= 223,269 sf

MULTIFAMILY MARKET OVERVIEW:

Housing is a necessity, not discretionary, spending. Unlike retail or other sectors, housing is a stable, essential asset.

• Housing is one of the largest asset classes in the world. For roughly a third of households in the U.S., 30% or more of household income being spent on housing costs.

Higher housing prices and mortgage rates have pushed even more Americans toward the rental market, which has caused both demand and rents to rise even further in recent years.

Due to recent trends toward a “flight toward quality,” value-add opportunities provide growth potential from interior renovations and amenity enhancements.

Nearly half of all U.S. apartments were built before 1980.

Demand for higher-quality apartments spiked 13.8% after the market cool down during the pandemic.

Due to the short lease term (compared to office, industrial or retail), apartment rents can quickly be adjusted as inflation increases. In periods of rapid inflation, such as the hyper-inflation environment in 2022, rents can rapidly be reset to the market.

Available agency financing, such as from Fannie, Freddie and HUD, provides a competitive advantage for multifamily investments.

In 2022, the national multifamily vacancy rate was 5.0%, well below long-term averages. Even during the Great Recession in 2008, multifamily housing performed well, provided it was not over-leveraged. Compare that to the thousands of commercial real estate (CRE) assets that were lost to lenders in the same period.