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Real estate markets are entering a new phase. Nationally, investment markets are evolving to suit new demands from consumers. Here in Florida, theses changes are causing ripples of concern for investors and residential developers. What does the generational shift mean for the future of residential real estate and what can investors and and residential developers due to anticipate and adapt to these changes?
Jean Francois Roy, Founder and President of Ocean Land Investments shares with us his story and discusses the importance of flexibility as a residential developer and investor to find success in the market. Beginning his foray into residential real estate in his native Quebec, Canada, Jean Francois focused on developing high-end retirement living spaces. Following the American economic recession in the early 1990s, Jean Francois moved his venture to Florida, focusing on Ft. Lauderdale markets. Jean Francois quickly realized that flexibility and understanding the demands of the market was imperative for the success of any residential developer or investor. Ocean Land Investments continues to be a leading residential real estate firm due to Jean Francois’ drive and flexibility.
- Staying Flexible
- Residential Developers: Purchase land during market/economic slumps
- Markets with high populations reduce vacancy risks
- Adapt to market demands
- In Ft. Lauderdale, high retirement-age demographic good for multi-family residential (apartments, condos)
- Recognize consumer trends
- “Going green” – buyers and tenants willing to pay premiums for environmentally-geared projects/renovations
- Shift towards “conservative” structures from “extravagance” of 2000s
- Be amenable to joint ventures and refurbishment projects as opposed to new developments
- Be wary of overambitious or amateur developers straining the market
To contact Jean Francois Roy or to find out more about investment, leasing, or purchasing options with Ocean Land Investments, call the office at (954) 558-3187 or visit their website