Commercial Real Estate, Capital, Insurance, Leasing & Management

Multifamily Expert Declares Seller’s Market

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“We are currently in a seller’s market,” Abolafia tells GlobeSt.com, noting she accepted the position at Franklin Street because she likes its aggressive growth and collaborative culture. “Inventory is low and investors are seeking opportunities to capitalize on the favorable financing available.”

MIAMI—Franklin Street just snagged Julie Abolafia. She comes on board as director of multifamily investment sales in the firm’s South Florida office. Her specialty: acquisition and disposition of South Florida multifamily assets.

“Julie comes to Franklin Street at an ideal time for both the firm and South Florida multifamily market,” says Greg Matus, Franklin Street’s regional managing partner in South Florida. “She brings strong client relationships and the ability to facilitate deals in a variety of asset classes and submarkets.”

Abolafia has more than eight years in the commercial real estate industry under her belt. She has arranged the sale of over 25 multifamily communities in the Tri-County areas in the last three years.

“We are currently in a seller’s market,” Abolafia tells GlobeSt.com, noting she accepted the position at Franklin Street because she likes its aggressive growth and collaborative culture. “Inventory is low and investors are seeking opportunities to capitalize on the favorable financing available.”

Abolafia previously served as a commercial and investment specialist at Capital Commercial Real Estate Group. In her new role, she will work with the firm’s multifamily division to drive continued growth.

Abolafia graduated from New York University with a bachelor’s degree in fine arts. She is working toward completing the requirements for her CCIM designation. Meanwhile, Miami’s condo market is getting a new multifamily alternative. Check it out in my recent column.

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