PHILADELPHIA, PA, February 13, 2013 /24-7PressRelease/ -- As the U.S. economy begins to show signs of true, lasting recovery, all eyes are on local real estate markets, which are considered by many financial experts to be the true indicators of economic progress. According to a recent article in the Tampa Bay Business Journal, there is plenty of room for optimism, particularly in the Florida real estate market. The article quotes J.P. Morgan strategist Stuart Schweitzer as saying that low interest rates and a low risk of inflation point toward a strong Florida real estate market in 2013. The article has won the attention of Neil Kozokoff, who has responded to it with a statement to the press.
Neil Kozokoff is no stranger to Florida real estate. He currently serves as the President of The Parkland Companies, a holding company that primarily focuses on property investment and development in notable Florida communities, and as a principal in Pensam Capital, a large, Miami based syndicator of apartment projects around the country. Kozokoff is especially active in the West Palm Beach area, and is a long-time real estate investor.
In his new statement to the press, he expresses his own optimism over the future of real estate in the Sunshine State. "All signs here in Florida indicate that the market has been moving in the right direction, and will continue to do so in the coming months and years," opines Neil Kozokoff. The real estate professional continues by making note of some particular signs of promise. "Apartment prices are going up, rents are going up, and, for the first time in a very long time, some properties are actually completely full."
Kozokoff's enthusiasm finds affirmation in the predictions made by Stuart Schweitzer. In his interview with the Business Journal, the J.P. Morgan strategist notes that, while Florida was hit harder than most areas by the real estate downturn, there are clear signs on the ground that the market is rebounding and moving in a very positive direction, slowly but surely.
Schweitzer says that he expects the real estate market to continue progressing, not just in Florida but nationwide. He says that real estate is likely to be "more of a plus for Florida and for the nation in 2013 than it was in 2012." He notes that even some areas that have lagged, such as applications for new mortgage loans, will likely show signs of improvement in 2013.
The Business Journal article notes that many companies whose interests are closely tied to Florida real estate have seen their stock prices surge--another sign that real estate is moving in the right direction.
Neil Kozokoff is the President of The Parkland Companies, a holding company specializing in property investment, development and management in the notable area of West Palm Beach, Florida. As a professional with a background in real estate law, Neil Kozokoff has had the market proficiency to expertly spearhead several projects in urban development. Neil Kozokoff's background in the acquisition, operation and management of large apartment complexes recently led him to join Pensam Capital as a principal. At Pensam Capital, Kozokoff focuses on real estate deal structuring and capital formation.
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