As Senior Director for Franklin Street’s multifamily investment sales division, Dan Phelan specializes in multifamily brokerage in metro Atlanta as well as secondary/tertiary markets across Georgia, Tennessee, and Alabama. Mr. Phelan has over 18 years of commercial real estate experience including investment sales brokerage, debt placement, and asset management advisory for institutional clients with multifamily, hospitality, retail and office building portfolios.
Prior to Franklin Street, Mr. Phelan served 15 years on the Atlanta team of Newmark Knight Frank (formerly known as Apartment Realty Advisors), elevating to Director of Multifamily Investment Sales and transacting on over $1.4B in sales in the last four years. His prior 11 years with the firm was as a senior investment analyst, responsible for all phases of underwriting, analysis, pricing strategies and valuation of multifamily and ground-up development opportunities. He previously held underwriting and finance positions with Love Funding of Atlanta and Ocwen Financial of West Palm Beach.
In addition to multifamily brokerage, Mr. Phelan has transacted on over $700 million in financing for the acquisition, construction and development of multifamily properties, as well as permanent, mezzanine and equity arrangements. While at Ocwen Financial, he was responsible for real estate portfolio analytics, loan resolution and workout strategies, along with various projects including consulting to the Ministry of Finance of Jamaica for the disposition of over $1 billion of asset-backed securities.
Mr. Phelan is a graduate of Stetson University, where he received a Bachelor of Arts degree in business administration.
MultifamilyBiz: TerraCap Management Acquires 638-Unit Forest Cove Apartment Community in Northeastern Atlanta Suburb of Doraville, Georgia
March 5, 2021
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,…