Whats going on in Florida! Orlando Florida syndicate buying 50%
I am investing with a syndicate, they are a fund and just bought a property for 50% over the sale price in 2019.
Originally sold in 2019 for $40M, they bought it for $60M just 2 years later - NO VALUE ADD DONE.
What the heck is going on?
Orlando sure as hell didnt have this appreciation
New cap is at 3% on this class B property.