MIAMI—Franklin Street just expanded its South Florida multifamily operations. Dan Dratch and Tony Gannacone have joined the firm as investment associates specializing in multifamily deals.
Dratch and Gannacone work closely with Franklin's Greg Matus, regional managing partner of South Florida, who also serves as mentor, manager, and trainer for the office's multifamily and retail investment agents. The duo is based in the Fort Lauderdale office and focus on transactions across South Florida.
“The multifamily market in Broward County has seen significant growth in the number of transactions as well as sales volume over the past couple years,” Dratch tells GlobeSt.com. “With Congress recently passing some tax breaks for foreign investors and the upcoming election, 2016 should prove to be an even stronger year.”
Before joining Franklin, Dratch worked for the CoStar Group in Miami as a sales executive. He was responsible for new sales and revenue growth across all of CoStar's commercial and multifamily data, analysis, forecasting, and marketing services. He has closed over $600,000 in annualized revenue and managed a book of business of more than $1.5 million in annual revenue. Dratch calls it “an exciting time to be in the multifamily transactions arena.”
Gannacone brings more than 15 years of business development, asset acquisition, debt finance and restructuring and investment banking achievements to Franklin. He previously served as a managing director for NextGen Coal and then, as vice president of strategic sales and acquisitions. He was responsible for the origination, analysis, and executive of large land-based transactions.
“The multifamily sector in South Florida is on fire,” Gannacone said. “Investors of all sizes are clamoring to find acquisition opportunities in the region.”
Want more examples? Luxury multifamily is even rising in this emerging neighborhood.
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