Yield Pro: Franklin Street arranges sale, financing and insurance for 30-unit multifamily asset in South Florida

July 7, 2022

Franklin Street has arranged the sale of Jupiter Palms, a 30-unit, 18,872-square-foot multifamily property in Jupiter, Florida, for $5.8 million, or $307.37 per square foot. The property was 100 percent occupied at the time of sale, providing a fully stabilized, turn-key investment in one of South Florida’s most affluent and in-demand rental markets. Franklin Street’s South Florida…

South Florida Business Journal: As South Florida’s rental market cools down, is a correction on the way?

July 6, 2022

It’s no secret that the cost of multifamily housing in South Florida has skyrocketed over the past year, as rents jumped more than 20%. But the days of exorbitant rent hikes are soon coming to an end, industry insiders say. … For owners of existing apartment buildings, it’s rising mortgage rates and insurance premiums that…

Franklin Street Welcomes Joseph Etter as Senior Counsel

Franklin Street is pleased to introduce our new Senior Counsel, Joseph Etter! In this role, Joseph will guide the company’s overall legal framework, while advising the firm and its diverse lines of business in managing litigation risk, contract review and negotiation, and protecting the company’s corporate assets. Board Certified in Construction Law, Joseph brings valuable…

Franklin Street’s Evan Seacat Honored with 40 under 40 Award from South Florida Business Journal

Franklin Street is pleased to announce that our own Evan Seacat, Regional Managing Director in Fort Lauderdale, has received South Florida Business Journal’s prestigious “40 under 40” honor. The 40 under 40 program recognizes outstanding professionals under the age of 40 based in Miami-Dade, Broward and Palm Beach counties for their leadership, success in business…

Traded: Franklin Street Arranges $11.5M Sale of 57-Unit Multifamily Property in North Miami

June 29, 2022

The multifamily property located in Miami that spans 41,100 square feet sold for $11,500,000 or $280,488 PPSF. The deal closed 10 days ago. The brokers of the deal were Ryan Wold, Dan Dratch and Greg Matus. Check out the details from Traded.