Commercial Real Estate, Capital, Insurance, Leasing & Management

Business Observer: Team Building

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The Tampa commercial real estate firm Franklin Street Capital Markets has put together a team to focus on the build-to-rent sector nationally. The four-person team will “offer a comprehensive suite of services that span across capital, insurance, investment sales, off-market site selection and M&A advisory,” the firm says in a statement. Build-to-rent is one of the fastest growing segments in real estate as home prices have risen. According to a May study by RentCafe, the number of build-to-rent properties under construction tripled last year to 44,700. Locally, the Tampa metro market has 1,404 units under construction and Sarasota metro market has 770 units. (The study did not rank the other markets in the region.)

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