EP. 222 Jeff Rosenfeld: Multifamily Construction Update

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By Eric Odum, Steven Silverman, Eric Odum, and Steven Silverman. Discovered by Player FM and our community — copyright is owned by the publisher, not Player FM, and audio is streamed directly from their servers. Hit the Subscribe button to track updates in Player FM, or paste the feed URL into other podcast apps.

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

226 episodes