May 9, 2019 — Franklin Street, a full-service commercial real estate firm, announced today that Dan Phelan has joined the company’s Multifamily Investment Sales division as senior director. In this role, Mr. Phelan will specialize in the sale of multifamily properties throughout Atlanta and Georgia. He will work in the firm’s Atlanta office alongside Jake Reid, senior director, and the multifamily brokerage team. Mr. Phelan brings over 20 years of industry 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 $1.4 billion in sales in the last four years. His prior 11 years with the firm was as 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.
“We continue to see robust demand for Atlanta area multifamily investment opportunities due to our strong job creation and population growth, combined with constrained supply and lack of affordable single-family homes,” said Mr. Phelan. “Franklin Street is perfectly positioned to help my clients continue to take advantage of opportunities because of our established brand, enviable reputation and entrepreneurial and collaborative platform.”
“Dan is an industry heavy hitter with a huge amount of experience when it comes to multi-housing investment sales,” said Greg Matus, senior vice president of investment sales for Franklin Street. “Franklin Street is in a high-stakes war when it comes to attracting and retaining top talent like Dan. We are beyond thrilled to have such a high-caliber professional join our team in Atlanta.”
Mr. Phelan is a graduate of Stetson University, where he received a Bachelor of Arts Degree in business administration.