CrowdStreet: Florida Affordable Housing Portfolio

Real estate investment platform CrowdStreet announced an offering for a portfolio comprised of multifamily affordable housing properties in Florida.

The Florida Affordable Housing Portfolio includes three fully occupied, cash-flowing, affordable housing properties in the Orlando metro area. Population growth combined with a shortage of housing has created surging demand for affordable housing, providing an opportunity for portfolio sponsor Phoenix Realty Group.

According to U.S. census data, Orlando’s population grew by 20% between 2010 and 2020. With metro area’s population expected to grow by another 10.4% over the next five years, according to CoStar Group, demand for housing is expected to grow.

The Orlando metropolitan statistical ...

Full story available on Benzinga.com

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