CRE Exchange: Commercial Real Estate, Property Valuations, Real Estate Analytics and Property Tax Beyond the beach: Strategic multifamily investing in Florida with Marc Hershberg
Marc Hershberg, Managing Partner and CEO at Topaz Capital, joins us to unpack the real story behind Florida’s multifamily market. While headlines tend to spotlight Florida’s coastal glamour, Marc takes us beyond the beach by highlighting why inland markets, workforce housing, and Class B assets are where the smart money is headed. We discuss the strategic importance of inland geography, the philosophy of "market-first, deal-second", the risks of climate-driven insurance volatility, and how foreign capital is approaching the Sunshine State.
Tune in for a grounded, forward-looking conversation you won't want to miss.
Key Moments:
00:58 Mark Hershberg's early real estate journey
02:33 Launching Topaz Capital: Opportunities and challenges
05:32 Topaz Capital's current operations and strategy
08:43 Investment focus: Workforce housing in Florida
11:10 Recent deals and investment strategies
13:00 The 1031 Exchange platform
15:08 Florida's multifamily market: Risks and opportunities
25:29 Foreign investment and local knowledge
28:01 Using data analytics for investment decisions
29:09 Outlook for multifamily investments
Resources Mentioned:
Marc Hershberg - https://www.linkedin.com/in/marchershberg/
Topaz Capital Group - https://topazcg.com/
Email us - altusresearch@altusgroup.com
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