Dwindling supply and ravenous demand has made for the perfect recipe for aggressive multifamily acquisitions yet again this week.  And this week, activity was booming in the Sunshine State. Here’s a look at some of the noteworthy deals inked this week in the apartment world:

  • Moves were being made this week in Florida as the second largest multifamily portfolio sale of the year took place when Norfolk, Va.-based Harbor Group International acquired a three property portfolio in the Orlando, Fla. area. The $99.7 million purchase included 1,218 units and nearly $5 million has been set aside for upgrades at the properties.

  • New York City-based Wharton Equity Partners acquired a $50 million portfolio in central Florida which consists of 4 communities and 900 units.

  • Tampa, Fla.-based Avesta Acquisition purchased three communities in Jacksonville, Fla. for $12.1 million.

  • Beverley Hills-based Kennedy-Wilson Holdings acquired a 251-unit property in West Covina for $43.7 million. The garden property was 97 percent occupied and had a 5 percent cap rate at the time of sale.

  • In a takeover, San Antonio-based Covenant Multifamily Holdings purchased Tyler, Texas-based Bridge Wealth Management and has rebranded the firm as Covenant.