Patrick Strake to lead seven-person team based in Austin
AUSTIN, TEXAS — Today, Franklin Street, a fully-integrated commercial real estate services firm, announced it has launched a seven-person multifamily investment sales division that will operate across Texas. The team will be led by Patrick Strake and be based in its Austin office.
“Texas remains one of the most compelling multifamily markets in the country, despite recent headwinds,” Patrick Strake, senior director, Texas Multifamily Investment Sales for Franklin Street said. “With continued population and job growth, we see significant opportunities for both investors and developers. The launch of Franklin Street’s dedicated Texas multifamily team reflects our commitment to providing data-driven insights and strategic solutions in this evolving market. Austin serves as the perfect hub for our expansion, and we’re excited to leverage our team’s deep expertise to help clients navigate this dynamic landscape.”
Strake is a native of Austin and respected within the industry previously working for Marcus & Millichap. Franklin Street’s Austin office, which opened in 2024, now consists of 23 people across multiple service offerings in addition to multifamily including land investment sales and office and industrial. Additionally, Franklin Street insures $10 billion in properties in Texas.
“This launch symbolizes our belief that Austin and other Texas metros will continue to be magnet markets for multifamily investors and developers,” Ryan Bohls, regional managing director for Franklin Street, said. “Patrick is a proven market leader and has spent a decade servicing clients across the state. We’re excited to see him grow our multifamily division into a statewide power.”
The firm is targeting Dallas for its next growth market to meet demand in the state that is home to the world’s 10th largest economy. Franklin Street is also focused on growing its presence and service offerings across its business lines in Miami, Nashville, Charlotte and the country.
About Franklin Street:
Franklin Street is a fully integrated, national commercial real estate services firm headquartered in Tampa, Florida. We combine thoughtful planning with decisive action to deliver winning results to clients nationwide. Franklin Street’s seven lines of business include Capital Advisory, Insurance, Investment Sales, Property Management, Project Management and Tenant and Landlord Representation. Founded in 2006, Franklin Street has a network of industry-leading brokers and capital partners across the country to ensure exceptional client service.
