Colliers International Hires New VP

Mitash Kripalani was instrumental in several multi-million-dollar multifamily and condominium conversion projects, arranging investment sales across Florida, where more than $3.6 billion sales were registered last year.

 

Mitash Kripalani
Mitash Kripalani

Colliers International South Florida has expanded its multifamily brokerage team with the addition of Mitash Kripalani. In his new role as vice president, Kripalani will be responsible for capital markets, focusing on multifamily, land deals and investment sales.

Kripalani has more than ten years of commercial real estate experience, having represented approximately $750 million in commercial real estate sales. He was instrumental in several multi-million-dollar multifamily and condominium conversion projects, arranging investment sales across Florida, where sales in excess of $3.6 billion were registered last year.

Kripalani understands the Urban Core and has an extensive track record of closed sales in the Biscayne Corridor. He represented the buyer and seller in a $5.15 million sale of a covered land opportunity on a 23,000-square-foot lot along Biscayne Boulevard. He was also in charge of completing the $3.75 million sale of a 23-unit building along Biscayne Boulevard. Most recently, he achieved a record-setting price at the Fortuna House apartment building in Edgewater—more than $200,000 per door—for an older apartment building in the Edgewater area.

He will be joining the Colliers team of Gerard Yetming and Julian Zuniga, adding expertise to core South Florida markets and servicing emerging Miami neighborhoods, such as Little Haiti, Edgewater and Upper East Side.

Kripalani earned the Certified Commercial Investment Member designation, serving as the Education Chairman for the Miami Dade District. He is also a recent graduate of the Leadership Miami Program through the Greater Miami Chamber of Commerce, and earned an AA in Business from Miami-Dade College.

“The growth of the multifamily expertise represents Colliers’ commitment to bolster key speciality areas in response to market demands,” said Ken Krasnow, executive managing director for Colliers International South Florida, in prepared remarks. “As the population continues to surge in South Florida and housing affordability poses a real issue, the multifamily sector will become increasingly relevant in supporting our region’s growth.”

In January 2017, Colliers International announced the addition of Cory Waxman as vice president of Colliers International’s multifamily team in the Redwood City office.

Image courtesy of Colliers International