Hernando Perez has switched allegiances as 2016 comes to an end.

MIAMI—Hernando Perez has joined Franklin Street's Miami office as director of multifamily investment sales. He specializes in brokering the sale of multifamily properties in Miami-Dade, Broward and Palm Beach Counties.

Before joining Franklin Street, Perez served as sales manager for Marcus & Millichap's Fort Lauderdale, Florida and Fort Worth, Texas offices. During his career, he has overseen the underwriting, marketing and closing of hundreds of commercial real estate transactions across all major product types valued at more than $1 billion.

“We believe that cap rates will remain stable for the next 12 to 18 months,” Perez tells GlobeSt.com. “Owners will start to think about selling while interest rates are still low. Now may be the right time for owners to look at options such as refinancing, property evaluation or selling. The options are endless.”

Perez works with private investors to buy and sell multifamily buildings ranging in size between 10 and 100 units and range in price between $1 million and $10 million on average. His goal will be to create a significant size team of multifamily associates for Franklin Street's South Florida operations.

Perez was at M&M for more than five years. There he progressed from sales associate to senior investment associate and the associate director of the firm's national multifamily housing group. Prior to commercial real estate, he worked in the financial services industry.

Perez has received several awards including M&M's Pace Setter Award in 2013. He also received Wachovia/Wells Fargo's Business Champion Award in 2009 and 2010 for exceptional sales and service. He is a member of the Southeast Florida Apartment Association, the Florida Apartment Association, the National Apartment Association, Urban Land Institute and the International Council of Shopping Centers.

“We couldn't be any more excited to have Hernando join our team in South Florida,” says Greg Matus, Franklin Street's senior vice president of investment sales. “I have known him for the past five years and respect his accomplishments and professionalism. He is the right guy to jump-start our multifamily investment sales efforts in the tri-county area, especially Miami-Dade.”

With Trump's election, will the commercial real estate sky fall in Miami? Here's one perspective.

Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1, 2017 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.

With Trump's election, will the commercial real estate sky fall in Miami? Here's one perspective.

Instant Insights /

Franklin Street Makes Competitive Move in Multifamily Market

Related Stories

Recommended For You