Pelican Plaza 483 Mandalay Clearwater Beach, FL sold 7/19/18 by Ben Mallah, Equity Mgmt 14,400,000
Lexington Club Apts 1200 S. Missouri Clearwater, FL sold 7/26/18 by Ben Mallah, Equity Mgmt 19,400,000
We believe the real estate market will see a sizeable correction in 2019.
Multi Family is over built, interest rates are climbing and developers cannot achieve their projected rents and occupancy.
The 1031 buyers continue to over pay in order to differ taxes, but will soon end when they reach their deadlines.
Retail is being hit hard by Amazon and online sales. There is opportunity in buying retail and leasing to internet resistant