OBJ: Mergers and Diversification expected to be key focuses for CRE Firms in 2021

November 11, 2020

More mergers and acquisitions may increase in the commercial real estate industry next year as these types of deals in general may see a spike. Rumors are swirling about these potential deals in the commercial real estate sector, which makes sense because the cost of capital is low and stress is high, said Paul Ellis CEO of…

Franklin Street Brokers $25.4M Sale of 200-Unit Apartment Community in Naples, FL

November 10, 2020

GMF Capital acquired the asset from Axonic Properties for $126,750 per unit NAPLES, FL (November 9, 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…

Ask the Expert: Are Insurance Premiums Expected To Continue Increasing For Commercial Real Estate In 2021 & What Options Are Available To Mitigate the Impact?

Unfortunately insurance premiums for the real estate sector are expected to continue increasing in 2021.  There are 4 primary reasons for the continued “Hard Market”, which is the upturn in an insurance market cycle when premiums are increasing and capacity for coverage is decreasing.  Although all sectors of commercial real estate will feel the impact…

Yield Pro: Franklin Street brokers $25.4 million sale of 200-unit apartment community in Naples, Florida

November 9, 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,…

Ask the Expert: How Did COVID-19 Re-enforce Our Decision to Use Technology to Better Serve Our Residents and Teammates?

Franklin Street began using Yardi Rent Café in 2017 to enable future residents to apply online but also let current residents pay their rent and submit workorders 24hrs a day and not be reliant on the office needing to be open. So when we needed to close our leasing offices to outside traffic due to…