Explore the current and future outlook of the insurance and real estate market in the Southeast U.S.

Topaz Capital Group has purchased a nearly 40-year-old multifamily property in Melbourne, Florida, and plans to renovate the complex as it looks for investment opportunities to help it navigate what it predicts will be a difficult year.

The multifamily real estate market is expected to continue to evolve in 2024.

While the market may not be as hot as it was in 2022, there are still opportunities for investors who are prepared to adapt to changing trends.

The multifamily real estate market has been on a wild ride in recent years, with the pandemic causing significant disruptions and influencing long-term trends.

The multifamily industry grew massively over the last decade–total transaction volumes were up 250% from 2012 to 2018, the biggest year on record. For many individual property types, 2020 or 2021 were their best years yet.

Coming out of an era of low interest rates and ample liquidity, many of the world’s richest families have made — or are in the planning stages of — major shifts in asset allocations.