Feb 22, 2021
Today we get an update on Florida multifamily construction from
our guest, Jeff Rosenfeld, Executive Vice President of Adivo
Construction. Florida has had a lot of disruption in the last
couple years with things such as tariffs and COVID. Recently,
Florida has seen a mass influx of new residents looking for
multifamily housing, but there is currently a shortage of skilled
construction labor. We talk about how this is affecting multifamily
construction costs and discuss how some investors are re-purposing
various assets such as hostels and commercial loft space into
multifamily housing (commonly called adaptive reuse).
Key Discussion Points
[01:07] Opening remarks by Eric Odum and Steven
[06:08] About our guest: Jeff Rosenfeld
[06:59] Give us an overview of Florida Multifamily
[10:15] What's been going on with multifamily
construction costs in the last few years and since COVID?
[11:53] What's the outlook on multifamily construction
[13:26] With COVID as a disruptor, tell us about adaptive
reuse (converting hotels / commercial loft space into
[15:05] What areas of Florida are you seeing the most
adpative reuse / repurposing of assets into multifamily?
[18:08] Is some of this asset repurposing going towards
[20:22] Tell us about the construction labor force
situation in Florida
[25:08] How is construction adapting to low labor
[27:45] How would you compare the Florida markets vs the
other markets around the country you work in?
[29:47] What types of value-add are you doing to improve
[35:48] How can folks contact you?
About Our Guest
Jeff Rosenfeld is Executive Vice President and founding partner
of Adivo Construction based in Deer Field Beach, Florida.
Toll Free Number: 833-825-2425