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As the year starts winding down, Miami real estate investors have begun buying large blocks of Miami condos, known as ``bulk deals'' at a rapid speed.
According to analysts, the burst of new activity indicates investors, mostly seasoned Miami real estate professionals, recognize the new construction market is nearing bottom.
Investors have closed on five bulk transactions totaling 518 units and 710,500 square feet throughout
For four of the five deals the combined purchase price was $43 million.
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