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South Florida Multifamily By The Numbers

  • 19,131: Apartment units under construction in Miami-Dade, equal to 9.7% of existing inventory vs. 3.5% nationally
    Why it matters: No market in the country is building more relative to what it already has. That pipeline sets the terms on rents, concessions and lease-up for the next 18 months.

  • -26%: Drop in Miami apartment construction starts year over year in Q3 2026, with completions down 24%
    Why it matters: The supply wave is cresting. Fewer starts now mean a thinner pipeline in 2028, which is the window developers and capital are underwriting today.

  • 7,756 vs. 7,078: Units absorbed vs. units delivered in Miami over the past four quarters, the first time demand has outrun new supply since 2022
    Why it matters: Renters are catching up to the building boom. Owners in lease-up finally have demand on their side.

  • +0.7%: Miami average rent growth year over year in Q3 2026, to $2,381, the first annual gain after five straight quarters of declines.
    Why it matters: Rents have stopped falling, but barely. Every pro forma built on 2022-style growth is still being repriced.

Speakers and Panels

Keynote Firesite Chat

Russell Galbut on Live Local, Opportunity Zones and Miami Beach’s New CRA

Russell Galbut
Keynote

Russell Galbut

Founder & Chairman | GFO

Co‑Founder & Managing Principal | Crescent Heights

Chloe Gallivan

Chloe Gallivan

South Florida Reporter

Bisnow

The 2026 Capital Reset

Debt, Equity, Recapitalizations and the New Rules for Getting Deals Done

Elizabeth Roy

Elizabeth Roy

CIO

American Landmark Apartments

Danny Fishman

Danny Fishman

CEO

GAIA Real Estate

Michael Vassilaros

Michael Vassilaros

CIO

Key International

Doug Faron

Doug Faron

Founder & Managing Partner

Westlight Capital

Modesto “Mo” Millo

Modesto “Mo” Millo

SVP

KAST Construction

Max Levine

Max Levine

Senior Associate

FCP

Shawn Oden
Moderator

Shawn Oden

Managing Director

BMO Commercial Bank

Danny Fishman

CEO

GAIA Real Estate

Danny has more than 25 years of extensive international experience in real estate investment, private equity, venture capital,

investment banking, and asset management. Danny co-founded GAIA in 2009. He previously founded and was Co-CEO of Tamir Fishman, an investment bank with billions of dollars in assets under management. He has held board positions with numerous government housing,

development, and real estate investment companies and is the former co-head of the Israeli government’s privatization sector. Danny earned a B.Sc. in Economics and an M.B.A. in Finance and Accounting from the Hebrew University of Jerusalem.

Doug Faron

Founder & Managing Partner

Westlight Capital

Doug Faron is the Founder and Managing Partner of Westlight Capital, a privately held real

estate investment and development firm focused on high-growth, supply-constrained markets

across the United States. With nearly two decades of experience, Doug has led more than $10

billion in real estate investments and developments across asset classes, including residential,

retail, hotel, office, and mixed-use.

Prior to Westlight, Doug founded Shoreham Capital, a privately held real estate firm dedicated

to the acquisition, development, ownership, and management of prime real estate properties

spanning the East Coast and Sun Belt region. Under his leadership, Shoreham developed and

acquired over 2,000 units across the build-to-rent and multifamily sectors, and Doug continues

to manage and oversee Shoreham’s portfolio while focusing all new acquisitions through the

Westlight Capital platform.

Before his entrepreneurial endeavors, Doug spent a decade at CIM Group, a $35 billion real

estate private equity firm, rising to Managing Director and leading the East Coast equity

investment platform. Doug worked in corporate private equity at LNK Partners and began his

career in investment banking within the Mergers and Acquisitions group at Deutsche Bank in

New York City.

Doug serves as an active member of YPO, ULI, NMHC, and ICSC, and is a longtime supporter

of the Harlem Lacrosse Program in both New York City and Los Angeles.

He earned a dual concentration in international relations and economics from Brown University

and an MBA from Northwestern University’s Kellogg School of Management.

Modesto “Mo” Millo

SVP

KAST Construction

Modesto “Mo” Millo is Senior Vice President and Division Manager of the Miami Business Unit for KAST Construction, one of Florida’s largest privately held construction management firms. Since launching KAST’s Miami operations in 2017, Mo has helped establish the business as one of South Florida’s leading builders, delivering many of the region’s most notable residential, hospitality, mixed-use and educational projects.

With more than 25 years of experience in the construction industry, Mo oversees business development, preconstruction, operations and client relations for the Miami market. Throughout his career, he has led the successful delivery of complex projects while building strong relationships with clients, design teams, trade partners and industry partners.

A graduate of the University of Miami College of Engineering, Mo is passionate about developing future industry leaders and fostering a people-first culture centered on safety, teamwork, innovation and excellence. He currently serves on the Advisory Board of the University of Miami’s Murphy Construction Program, helping bridge the gap between academia and industry while supporting the next generation of construction professionals.

Outside of his professional responsibilities, Mo is a dedicated advocate for the special-needs community, supporting organizations and initiatives that promote inclusion, opportunity and awareness for individuals and families navigating developmental and physical challenges.

Max Levine

Senior Associate

FCP

Max Levine is responsible for underwriting and closing FCP’s multifamily acquisitions and development investments throughout Florida. Prior to FCP, Max worked on the Acquisitions team at The Meridian Group, a real estate private equity investor and developer of commercial and residential assets in the Washington, DC metro area. He graduated from the University of Miami, where he earned his BBA in Finance with a minor in Real Estate.

Can you please switch Max into the panel spot where the current FCP speaker it?

Building Through the Pause

How Developers Are Repositioning Projects and Preparing for the Next Cycle

Jeff Quinlivan

Jeff Quinlivan

President

Kolter Mulitfamily

Mark Schrieber

Mark Schrieber

VP, Development

Vivmark Residential

Hector Delatorres

Hector Delatorres

CEO

Cymbal DLT

Derek Ullian

Derek Ullian

SVP, Development

The Bainbridge Companies

Christina Villa

Christina Villa

Principal

RSP Architects

Nick Polyushkin

Nick Polyushkin

Founder & CEO

Vera Group

Andrew Barrocas

Andrew Barrocas

CEO

MNS

Michael HoShue
Moderator

Michael HoShue

Partner Development Sales Director

Blue Stream Fiber

Christina Villa

Principal

RSP Architects

Christina combines a passion for the story behind each project with a global perspective that fuels unique and inspiring solutions for her clients. Her skills as an architect extend well beyond aesthetics, incorporating a fluency in planning and construction to create buildings and developments that have a positive impact on people, neighborhoods and communities. She is an integral part of growing RSP’s presence in Miami and beyond.

Christina is a leading voice in design and regularly speaks at events for Bisnow and Greenpearl. Recent accolades include Bisnow’s Women Leading Real Estate Honoree 2023, GlobeSt.com’s Real Estate Forum Women of Influence 2023, South Florida Business Journal’s 40 Under 40 Award 2022, and South Florida Business & Wealth’s Up & Comer Award 2021.

Nick Polyushkin

Founder & CEO

Vera Group

Founder & CEO of Vera Group. Real estate developer, investor, and entrepreneur with 15+ years of experience in the U.S. market. Leads Vera Group's corporate strategy, investment direction, development initiatives, AI transformation , and long-term business growth.

15+ Years — Real Estate Experience

  • 7 States — Licensed Real Estate Broker

  • Founder — Vera Group

  • Real Estate Development

  • Investment Strategy

  • Business Leadership

  • Data-Driven Decision Making

Andrew Barrocas

CEO

MNS

Andrew Barrocas has enjoyed success as a dominant force and respected authority in the New York City

real estate industry for many years. In his accomplished career, he has sold over $10-billion worth of

property, and managed, trained, recruited and collaborated with the city's top agents and brokers. As

CEO and Founder of MNS, Andrew currently oversees more than a billion dollars’ worth of real estate, as

well as an exceptional team of talented agents and project managers focused on providing the utmost

level of client service.

Andrew entered the real estate field after graduating from the WP Carey School of Business at Arizona

State University. He went on to achieve instant success and recognition as one of the "Top 30 Brokers

Under 30", according to The Real Deal. Over the years, Andrew has been a continually sought-after

expert on real estate who has been featured in The New York Times' "The 30-Minute Interview", quoted

in all major New York publications, and spotlighted on The Stoler Report.

Since founding MNS in 2006, Andrew has grown the company substantially in terms of its revenue and its

team, which is now over 125 people. He also serves his industry as a licensed teacher through the State

of New York, passing on his knowledge and array of professional experience of real estate sales to real

estate brokers and salespersons.

Andrew is also an active member of The Real Estate Board of New York (REBNY), The Community

Housing Improvement Program (CHIP), Young Jewish Professionals (YJP) and Young Presidents

Organization (YPO). He and his wife Rachel are the proud parents of three beautiful girls – Cayden, Ella

and Zoe.

Michael HoShue

Moderator

Blue Stream Fiber

Michael HoShue is a telecommunications leader with more than 30 years of experience helping communities and businesses implement innovative technology solutions. As Partner Development Sales Director at Blue Stream Fiber, he works with homeowner associations, condominium boards, property managers, and commercial organizations to deliver fiber-optic internet and connectivity solutions that enhance resident experiences and future-proof communities.

Michael has extensive experience presenting to homeowner and condominium boards, property managers, and technology committees throughout Florida. His expertise spans residential, commercial, and enterprise telecommunications. He is passionate about helping communities make informed technology decisions that drive long-term value and performance.

The Next Wave

Where South Florida Multifamily Investment, Development and Growth Go From Here

Steve Patterson

Steve Patterson

President & CEO

Related Development

Jay Massirman

Jay Massirman

CEO

Eden Residential

David Arditi

David Arditi

Founding Partner & President

Aria Development Group

Jeffrey Ardizon

Jeffrey Ardizon

Principal

The Estate Companies

Matthew Baron

Matthew Baron

President

Baron Property Group

Jeff Hardin

Jeff Hardin

Founder/CEO

Straticon Construction

Robert Gilman
Moderator

Robert Gilman

Principal

Baker Tilly

Steve Patterson

President & CEO

Related Development

Steve Patterson joined Related Development, LLC, in 2010. He is responsible for all of the company’s multifamily rental and mixed use development activities. He also pursues investment in value-add acquisitions in all income property sectors. In the last two years, Related has closed investment transactions totaling over $600 million, and has more than 4,000 multifamily units under construction.

Mr. Patterson’s 30 years of industry experience has included ownership and management positions in the development, investment syndication, asset management, property management, and construction fields. These activities included multifamily, office, retail, condo conversion and hotel properties, primarily in the southeastern U.S. His track record of profitable real estate investment ventures is valued at over $2 billion.

Prior to joining Related, he held executive positions at ZOM Holding, Inc., a multifamily development and management company focusing primarily in the Southeastern U.S., and before that, held management positions for Picerne Development and Huber Hunt and Nichols, overseeing development, property management and construction functions in Texas and Florida. During his tenure, ZOM was recognized by the National Association of Homebuilders as Company of the Year in both the development and property management categories.

Mr. Patterson is a State of Florida licensed real estate broker and building contractor. He served as president of the NAHB Multifamily Leadership Board, he is frequently published in trade journals, and has twice been invited to testify on housing industry matters before the Federal Reserve Board. Mr. Patterson holds degrees in engineering technology and construction management from Oklahoma State University.

Jay Massirman

CEO

Eden Residential

Rivergate Companies is a vertically integrated real estate investment & development firm with the goal of delivering outsized returns in varying product types, geographies and market cycles to our stakeholders.

The firm is presently engaged in several strategic ventures including: urban in-fill self-storage development, multifamily development & investment, multifamily property management and upscale automotive storage. Rivergate invests its own capital alongside the firm's relationships with high net worth, foreign, family office and institutional investors.

Rivergate embraces technology with active participation in the commercial real estate technology sector with Emerge Americas and CRE Tech.

Jay Massirman serves as founder and managing principal of Rivergate Companies. Jay has over 30 years' real estate experience and has participated in over a billion in principal transactions. He was formerly a Vice Chairman with CBRE global real estate, where he participated in over 10 billion in advisory transactions over a stellar 20 year career.

Jeffrey Ardizon

Principal

The Estate Companies

Jeffrey Ardizon is Principal at The Estate Companies, a Miami-based full-service, vertically integrated developer, owner and operator of residential communities throughout the tri-county region, and one of the largest and most active multifamily developers in Florida. The firm is best known for its institutionally recognized Soleste brand which features Class A multi-family communities throughout South Florida’s urban core and submarket locations.

Mr. Ardizon has been credited for identifying and evaluating off-market opportunities, temporary market dislocations, special workouts, overall capitalization and general overall direction of the firm. The Estate Companies has implemented its strategic plan is to increase its focus on development in Broward and Palm Beach counties, and has many luxury projects in various stages of development including Pompano Beach, Dania Beach, Riviera Beach, West Palm Beach, three projects in Hollywood, two in North Miami Beach, and Spring Gardens, among others. Mr. Ardizon was instrumental in structuring and executing one of South Florida's first opportunity zone transactions, Soleste Grand Central, a 360-unit Class A multifamily project in Downtown Miami.

Prior to joining The Estate Companies, Mr. Ardizon was the co-founder and principal of ECI, a real estate investment, management and development firm based in South Florida. The firm focused on providing GP/LP equity and debt for multi-family real estate developments and value-add opportunities across a diverse portfolio of asset classes. During that time, Mr. Ardizon was credited for strategically structuring and creating one of the more notable single-family offices in South Florida. Mr. Ardizon began his real estate career with one of the largest nationally ranked advisory firms in the country, where he led the firm's real estate practice for nearly a decade. He represented some of the largest real estate developers, REIT’s, operators and sponsors in the region. Under his leadership, the firm was awarded the top real estate tax firm by various publications. Mr. Ardizon was a top revenue producer for the firm and quickly gained industry recognition as a leading go-to advisor, advising clients on over $3 billion in transactional value.

Matthew Baron

President

Baron Property Group

Matthew M. Baron is the President of Baron Property Group. Since 2005, Matthew has acquired and developed over $1.5 billion worth of property in NY and Los Angeles.

Mr. Baron currently sits on the Board of Directors of the Long Island City BID, and is also a member of the Board of Directors of Doorkee, which is a company he helped found. Mr. Baron was also an Adjunct Lecturer at New York University’s School of Continuing and Professional Studies where he taught a course on Real Estate Development.

Mr. Baron holds a BS in Finance from NYU Stern and an MBA from Columbia Business School.

Jeff Hardin

Founder/CEO

Straticon Construction

Jeff Hardin is the Founder and CEO of Straticon, a premier construction firm that has dedicated over 30 years to reshaping the South Florida skyline. He oversees a specialized team with a focus on urban core development in Broward County. With the help of his team, Jeff bridges the gap between visionary design and structural excellence, working with owners, architects, cities, and the county to improve urban environments and create unique projects with lasting impact. Jeff and his team build an atmosphere that ensures every project, whether luxury multifamily, mixed-use, or commercial, achieves a balance of speed to market and high-level quality.

Under Hardin's leadership, Straticon has completed landmark contributions to the region's growth, including Tamarac Village in Broward County, a luxury development featuring 401 rental units and significant green space. The firm is also currently contributing to Mayla Cypress Creek, a seven-story multifamily development with 312 residential units spanning 580,194 square feet, including an attached parking garage with 586 spaces in the Cypress Creek business corridor, as well as Avery Cypress Creek, an eight-story multifamily development with 200 luxury one- and two-bedroom apartments. Residential amenities include a high-end fitness center and lounge, along with a wraparound communal courtyard with access to greenspace and community amenities. His portfolio also includes high-profile collaborations with elite developers such as The Related Group, Blackstone, and The Trump Organization.

Jeff Hardin is known for his "handshake deal" philosophy. By leading with integrity and empowering his team, he has built a company with a forward-thinking mindset that continues to set new standards for the urban built environment across Broward County and Florida, where people live, work, and thrive.

Robert Gilman

Moderator

Baker Tilly

Robert Gilman, CPA, CGMA, is a Principal at Baker Tilly . His practice covers a wide range of services for his clients who are mainly involved in the commercial, residential and development of real estate. These services include due diligence on acquisitions, tax structuring on deals, securing financing, and assisting with client investor relations for both domestic and international investors. Rob also advises clients with financial and estate planning, budgeting, tax planning, and cash flow strategies.

Rob is a member of the American Institute of Certified Public Accountants (AICPA), the New York State Society of Certified Public Accountants (NYSSCPA) and the Real Estate Board of New York (REBNY). He is involved with a number of Real Estate industry organizations and is actively involved with the Long Island Chapter of the March of Dimes, which he was recently honored for.

Venue

Fontainebleau
4441 Collins Avenue
Miami Beach, FL 33140

Ballroom: Fontaine & Fleur De Lis
Floor: Lobby Level

Parking Information:
Valet parking $27
Nearby public parking lot: 4621 Collins Ave, Miami Beach, FL 33140

Get Directions

Who's In The Room

Lincoln Property Company | Crescent Heights | Mill Creek Residential | Integra | Kaplan Residential | American Landmark Apartments | Florida East Coast Realty | The Kislak Company | Merrimac Ventures | GFO | Leste Group | Mattoni Group | Alta Development | Coastland Residential | Eden Residential | GBX Group | Chateau Group | PIA Residential | GoldOller Real Estate Investments | Corinthian Capital Real Estate Partners | Delta Bridge Partners | Jewell Capital | SB Real Estate Capital | Galium Capital | Moderno Development | North Park Ventures | ETW (East To West Capital) | Starlife Group | Southern Waters Capital | Neal Development | Pastorelli Enterprises | F/Advance Capital | Arena Capital Holdings | Goba Capital | SteeleGate Capital | Regency Capital | ApexOne Investment Partners | Manglar Capital | Blue Lotus Ventures | Alder Development | Ginsberg Property Group | FiField | URBANX | NDM Hospitality

Agenda

Time Activity
8:00 AM
9:00 AM
Registration, Breakfast & Networking
9:00 AM
9:15 AM
Keynote: Russell Galbut, Crescent Heights

Russell Galbut on Live Local, Opportunity Zones and Miami Beach’s New CRA

9:15 AM
10:00 AM
The 2026 Capital Reset

Lenders, equity investors and owners break down where capital is flowing in South Florida multifamily right now. The panel covers buying versus building, taking over existing debt, the wave of loan maturities and rising delinquencies, why per-unit pricing has reset, how lenders view condos, apartments and hotels, and what it will take for deals to pencil as rates stay high.

10:00 AM
11:00 AM
Building Through the Pause

Developers, an architect and a leasing executive explain who is still breaking ground in South Florida and why. The discussion covers what makes a site work today, turning suburban retail sites into apartments, how design is reshaping the pro forma, how new legislation and zoning are changing what gets built, what renters will pay more for and the signals that will restart construction.

11:00 AM
11:15 AM
Networking Break
11:15 AM
12:15 PM
The Next Wave

South Florida multifamily leaders look ahead to the next cycle. They cover what gets deals funded, whether 2027 favors building or buying, where construction costs are heading, how owners can regain pricing power, who the South Florida renter of 2029 will be and what happens when the growing backlog of shovel-ready projects finally gets released.

Why Attend Bisnow's South Florida Multifamily Summit

South Florida's multifamily market is entering its next chapter. After years of record rent growth and unprecedented development, the market is adjusting to new realities: slower rent growth, elevated concessions, a historic construction pipeline, tighter capital markets and a widening gap between buyer and seller expectations.
 

Yet long-term fundamentals remain exceptionally strong. Population growth continues, housing remains undersupplied, and investors continue to view South Florida as one of the country's most resilient multifamily markets.
 

Join hundreds of owners, developers, investors, lenders, operators and public officials for a full day of market intelligence, relationship building and candid conversations about what it will take to create value in today's market and where the next wave of opportunity is already beginning to emerge.
 

Whether you're deploying capital, developing your next project, managing an existing portfolio or looking for your next acquisition, this event will deliver actionable strategies from the people actively shaping South Florida multifamily today.
 

Plus, enjoy two hours of networking throughout the day giving you dedicated time to connect with the owners, investors, developers and decision-makers driving the market.

Attendees will learn:
 

  • Where lenders are actively financing deals and what sponsors must do to secure capital in today's market

  • Why many South Florida multifamily transactions remain stalled as buyers and sellers struggle to bridge valuation expectations

  • How developers are responding to the record apartment pipeline, slowing rent growth and elevated concessions

  • Which submarkets continue to offer the strongest long-term investment opportunities despite today's market headwinds

  • How owners are increasing NOI through operations, technology, leasing strategies and smarter property management

  • What construction costs, labor availability and entitlement timelines mean for projects starting over the next 12–24 months

  • How demographic trends, wage growth, affordability challenges and policy decisions will shape future demand

  • Build relationships during more than two hours of networking with South Florida's leading multifamily owners, investors, developers, lenders and service providers

For questions regarding content and speaking, please email our Event Producer, Elizabeth Herrgott, at elizabeth.herrgott@bisnow.com. Want to get involved? Contact Jordan.Hinsch@bisnow.com to get information on sponsorship, pricing and availability at this event. To request disability-related accommodations, please contact ariel.fromm@bisnow.com no later than seven business days prior to the event.

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