Franklin Street has acquired Tampa-based Tropical Realty Appraisal Services. With offices in Tampa, Miami, Atlanta and Key West, Tropical Realty Appraisal Services provides real estate valuation services throughout the United States. It began in 1988.
“This is an important, strategic move for our growing company,” Andrew Wright, Franklin Street CEO and managing partner, says in a press release. “Tropical Realty Appraisal Services has an established brand and solid reputation, giving us instant credibility in that service line.”
Tropical Realty Appraisal Services’ President Marty Engelmann will lead the new division at Franklin Street and is bringing more than 15 employees to the company.
Last year, Tropical Realty Appraisal Services completed 350 appraisals in the southeastern United States.
The new division, Franklin Street Valuation Advisory Services, will provide property valuation for lenders and larger institutional real estate investors and also offer litigation support.
