Neisen Kasdin Quoted in U.S. News & World Report on Investment in Resurging Miami Real Estate Market
MIAMI — March 16, 2012 — Neisen Kasdin, office managing shareholder of the firm’s Miami office, was quoted in a U.S. News & World Report article titled, “Miami Condo Market on the Mend.” The article discusses how the Miami downtown condo market has morphed from being awash in unsold condos and foreclosures, into a thriving mecca of bustling sales activity. Three years ago thousands of condo units built in the boom years between 2003 and 2008 sat vacant, victims of the financial crisis that gutted the nation’s housing markets. Now, according to a recent study, the downtown corridor boasts an occupancy rate of 93 percent.
Kasdin states, “Global investors, real estate investment trusts, and private equity are tripping over themselves to invest in Miami.”