EP. 222 Jeff Rosenfeld: Multifamily Construction Update

Invest Florida - A Real Estate Podcast

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 Website: https://www.adivoconstruction.com/ Toll Free Number: 833-825-2425