MultifamilyBiz: Franklin Street Brokers $25.4 Million Sale of 200-Unit Wild Pines of Naples Apartment Community on Florida’s Southwest Coast

November 16, 2020

 Franklin Street has brokered the sale of Wild Pines of Naples Apartments in the affluent Naples market on Florida’s southwest coast. The 200-unit, garden-style apartment community sold for $25.35 million, or $126,750 per unit. Franklin Street’s Tampa-based multifamily investment sales team of Darron Kattan, Zach Ames, Kevin Kelleher, Avery Jordan, and Mark Savarese arranged the sale on behalf of the seller, Axonic Properties, and…

OBJ: The pandemic has given local food trucks more brick-and-mortar opportunities. Here’s why.

Joel Feliciano drove his food truck for months before he discovered a deal to park his business. The CEO of Orlando-based health-focused eatery Avofuel LLC saw his revenue grow during the pandemic and wanted a permanent place to cater to his customers. He found a spot near the Florida Mall at 1718 W. Sand Lake Road…

Laura Gonzales Honored in Connect Media’s 2020 Women in Real Estate Awards

Franklin Street is pleased to congratulate Laura Gonzales, Director of our Capital Advisors division in Jacksonville, on being named a winner of Connect Media’s 2020 “Women in Real Estate Awards!” Here are just a few reasons Laura received this must-deserved honor, according to Connect Media: Gonzales joined Franklin Street in 2019 and has been recognized…

Multi-Housing News: GMF Capital Acquires South Florida Community for $25M

November 12, 2020

Axonic Properties has sold Wild Pines, a 200-unit, garden-style community in Naples, Fla., for $25.3 million. Franklin Street represented both the seller and the buyer, GMF Capital. Built in phases between the 1960s and the 1990s, Wild Pines comprises one-bedroom units averaging 600 square feet. Of the community’s 200 units, 104 are rent/income-restricted apartments. Common-area…

Nov. 16: Join Shopping Center Business and Franklin Street for a Virtual Panel on Southeast Retail Investment

Shopping Center Business will host a virtual panel on the future of retail investment in the Southeast on Nov. 16 at 11 a.m. Sign up to hear insights from Franklin Street’s Greg Matus, Senior Vice President of Investment Sales, along with a panel of top real estate executives, on the following topics: What 2021 will…