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
Silverman
[06:08] About our guest: Jeff Rosenfeld
[06:59] Give us an overview of Florida Multifamily
market
[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
costs?
[13:26] With COVID as a disruptor, tell us about adaptive
reuse (converting hotels / commercial loft space into
multifamily)
[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
workforce housing?
[20:22] Tell us about the construction labor force
situation in Florida
[25:08] How is construction adapting to low labor
force?
[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
your properties?
[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.
CONTACT INFO
Toll Free Number: 833-825-2425
