Key Takeaways From IMN’s Middle Market Multifamily Forum

August 16, 2021

Franklin Street’s Clint Miller, VP of Operations with Franklin Street’s Property Management Division, recently served as a panelist for Information Management Network’s 5th Annual Middle-Market Multifamily Forum in Atlanta. Clint joined fellow experts in multifamily for a discussion on lessons learned from Covid-19 and the lasting impact on the industry. Here are a few key takeaways…

Franklin Street Achieves Record Pricing for South Atlanta Multifamily Asset

The 90-unit workforce housing community in Riverdale sold for $95.5K per unit ATLANTA (August 12, 2021) — Franklin Street has arranged the sale of Central Park Apartments, a value-add, workforce housing community in Riverdale, Georgia, a fast-growing submarket just south of Atlanta. The 90-unit asset sold $8,640,000, achieving record pricing for 1970s-built multifamily product in…

GlobeSt.com: Aggressive Terms Are Back for Multifamily Debt Financing

August 14, 2021

With the ever-expanding federal eviction moratorium, multifamily has had its share of problems during  the pandemic, even though the category has come through with minimal changes. Not all multifamily loans are well positioned for refinance and sales, but aggressive lending options are available for many borrowers, according to Joseph Landsberg, director of capital advisory, South Florida, for…

Franklin Street Brokers Sale of Retail Property Leased to Red Lobster in Orlando

August 13, 2021

ORLANDO, FL (August 13, 2021) — Franklin Street has arranged the sale of a 1.44-acre site leased to Red Lobster at 7373 W. Colonial Dr. in Orlando. An entity owned by Abraham Cherem acquired the site from Master Carwash, L.L.C, for approximately $4.2 million. Adam J. Tiktin and Greg Matus, of Franklin Street’s Florida Investment…

Connect CRE: Franklin Street Brokers $9M Sale of South Atlanta Apartments

Franklin Street has arranged the $8.6 million sale of Central Park Apartments, a value-add, workforce housing community in Riverdale, GA. The 90-unit property traded for $95,500 per unit, a record for 1970s-built multifamily product in Clayton County, according to Franklin Street. At the time of sale, the property was 100% occupied. Residences range from efficient…