MIAMI-Flagler Real Estate Services is expanding its breadth with two acquisitions that usher the firm into the retail and multifamily sectors. Flagler has acquired retail brokerage and property management firm DBR & Associates and multifamily development and management firm Auker Development.

Pike Rowley, president of Flagler Real Estate Services, tells GlobeSt.com the company is expanding into these commercial real estate niches in response to increased demand from special servicers and lenders that have taken back commercial properties and portfolios that have fallen into foreclosure.

“They’re looking for a company that can service multiple asset classes, not just office and industrial,” Rowley says. “Our expansion into these new asset classes will also better position us as the economy continues to improve and developers return to the market.”