Hendricks & Partners reports exclusive sale listings valued at more than $180M

Company plans new offices in Atlanta and Miami

ORLANDO — Hendricks & Partners, which opened its southeast U.S. regional office in Orlando four months ago and ranks as the nation’s largest privately- owned, multi-family brokerage firm, reports it has posted exclusive property sale listings of apartment properties in Central Florida valued at more than $180 million since July.

Cole Whitaker, (top right photo) principal and managing partner of Hendricks & Partners in Orlando, said the five month growth surge isn’t over: the firm plans to open an office in Atlanta before April of next year and one in Miami before the fall.

Whitaker, who participated in multi-family property transactions valued at more than three billion dollars since 1983, said the new listings — all added into the 150 days since the firm opened in Orlando — are primarily “Value add” opportunities. “We are finally seeing sellers of apartment communities understand investors want cash flow and future upside,” said Whitaker.

“Most multi-family property firms these days are in attrition, said Whitaker. “We are in a growth mode.” Whitaker said the nation’s economic turmoil could generate substantial multi-family property sales.

“Institutional investor owners such as insurance companies and pension funds constitute a large share of the multi-family market in Florida,” said Whitaker.

The current economic cycle will motivate some institutional investors to sell off select properties in order to increase cash reserves, Whitaker explained.

(Sydney, Australia architect Harry Seilder's Horizon apartment building in Darlinghurst, bottom left photo)

For more information, contact:

Cole Whitaker, Principal/Managing Partner Hendricks & Partners 407-218-5688

Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142