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The Real Deal Miami

Flagler expands to retail, multi-family

July 11, 2011 11:38AM

Flagler Real Estate Services is expanding into retail and multi-family
real estate by forming alliances with two firms, retail brokerage DBR
& Associates and multi-family developer and manager Auker
Developments, according to FRES President Pike Rowley. By acquiring DBR,
the company gains a 2.5 million-square-foot portfolio of 40 retail
properties in the Southeastern and Atlantic states, valued at $400
million. Auker has managed over 5,000 multi-family units in the same region.
“This exemplifies our commitment to the growth of our third-party
services business,” Rowley said. — Alexander