Meredith Delcamp, a partner in Shutts & Bowen LLP’s Tampa office, spoke with the Tampa Bay Times about Florida’s booming build-for-rent industry and the development of such communities in the Tampa Bay area.
In the publication’s recent piece, “Built-for-rent houses coming to Tampa Bay suburbs as industry booms,” Meredith discusses the trending development and construction of build-for-rent subdivisions amid ongoing high demand in Florida’s housing market. Commenting on the trend, Meredith discusses the benefits of the build-for-rent industry for both consumers and developers. According to Meredith, Florida is an attractive build-for-rent market to developers due to its population influx of out-of-staters moving south combined with the market’s desirability and low supply.
“Currently speaking, it’s very difficult to buy a home. There’s so much demand,” Meredith said. With rental houses, “you can still live in community you want to live in ... while the market is stabilizing.”
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About Meredith Delcamp
Meredith S. Delcamp is a partner in the Shutts Tampa and Sarasota offices, where she is a member of the Business Litigation Practice Group. Meredith assists property owners, property managers, developers and businesses in a variety of transactional and litigation matters related to real property. Meredith has worked in the single-family industry for more than eight years assisting property owners, asset managers and property managers with a variety of legal issues ranging from code enforcements to class actions, including assisting with licensing, lease review, policies and procedures and a variety of litigation with tenants and homeowners associations.