Franklin Street Arranges Sale of Value-Add Apartment Community in Fort Lauderdale’s Coral Ridge Isles

March 5, 2021

In addition to representing the seller in the transaction, Franklin Street provided debt and insurance services for the buyer FORT LAUDERDALE, FL (March 5, 2021) — Franklin Street has arranged the sale of an eight-unit, value-add multifamily property in Fort Lauderdale’s highly sought-after Coral Ridge Isles submarket. The property, known as the 18th Ave. Villas,…

MultifamilyBiz: TerraCap Management Acquires 638-Unit Forest Cove Apartment Community in Northeastern Atlanta Suburb of Doraville, Georgia

TerraCap Management, a privately held investment firm with its headquarters in Naples, Florida, announced the acquisition of Forest Cove Apartments, a 638-unit apartment complex located in the northeastern Atlanta suburb of Doraville. The garden-style apartment complex sits on 78 acres and features one, two, and three-bedroom units. The property’s amenities include a pool, a fire pit, a grilling area,…

Connect CRE: Franklin Street Arranges $32M Sale of Fort Pierce MF Community

Franklin Street has arranged the $32.2 million sale of The Sands at St. Lucie, a 320-unit apartment property in Fort Pierce, FL. Built in 1988, the affordable housing community is comprised of 21, two-story buildings featuring 208 two-bedroom and 112 three-bedroom units. At the time of sale, the property was 98% occupied. Amenities include an…

GlobeSt.com: Affordable Housing Developer Picks Up 320-Units in Florida

Southport Financial, one of the largest affordable housing investors in the country, has expanded its Florida multifamily portfolio with the purchase of The Sands at St. Lucie in Fort Pierce. Southport Financial purchased the property for $30.2 million from Code Capital Financial. The 320-unit apartment complex operates under Section 42, a subsidized housing and tax…

Franklin Street Negotiates Sale of Pompano Beach Apartments for $217K per Unit

March 4, 2021

The 22-unit, 1970s-built, mid-rise multifamily property achieved record per unit pricing BROWARD COUNTY, FL (March 4, 2021) — Franklin Street has arranged the sale of Riverside Beach Apartments, a 22-unit, mid-rise multifamily community in the heart of the South Florida’s Pompano Beach submarket. The property sold for $4.77 million, or $216,818 per unit – the…