HTG Debuts $115M Miami Affordable Housing Project
Why this matters
Multifamily has been the most actively underwritten sector through the rate cycle, with cap rate compression resuming in Sun Belt and gateway markets as 2024-2025 deliveries roll off and refinance demand on 2021-vintage bridge loans clears. Transaction velocity is up modestly, concentrated in stabilized Class A and grocery-adjacent garden assets. Miami continues to absorb foreign capital and high-net-worth domestic migration. Brickell and Edgewater multifamily cap rates have led the recent compression, and hospitality continues to clear at premium basis on the back of constrained supply. Allocators continue to favor residential for its income durability and its insulation from secular demand questions that still hang over commercial sectors.
Editorial analysis · Real Estate Trail Editorial
On the RET wire
- The 24th Miami story tracked on the wire in September 2026. All Miami coverage →
- Disclosed multifamily deal value tracked in September 2026: $7.1B across 80 reported transactions. All Multifamily coverage →
Computed from Real Estate Trail’s own tracked coverage
HTG and Elite Equity Development, Inc. (EED) opened the doors to Naranja Grand Phase I & Phase II, a multiphase, $115 million affordable housing community delivering a combined 320 income-restricted apartments for sen…
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