Today we sit down with Frank Carriera, Executive Vice President at CBRE. He leads the firm’s multifamily investment sales platform in Tampa Bay, the market with the highest net migration rate in all of the Southeast.
Listeners will hear how Tampa’s multifamily growth stems from its increasingly diversified economy, impressive job creation spearheaded by the financial, tech, and healthcare industries. Infrastructure investments from the likes of Tampa Bay Lightning owner, Jeff Vinik, have also helped.
In our conversation, Frank highlights some of the market’s most promising neighborhoods for multifamily investments such as the burgeoning Tampa Heights. We also discuss the keys to capitalizing on Tampa’s deal opportunities: using technology to add value, the importance of—and how to select—high quality property management, and managing around the pipeline of new supply.
Ultimately this episode offers deep insight into a dynamic and growing market.
NOTE: This episode was recorded before the coronavirus outbreak, so some of the market quotes may be different, but the drivers are not.