Saturday, April 7, 2012
Hendricks & Partners Negotiates Central Florida Sale of 900 Apartment Units in Plant City, Port Orange and DeLand
ORLANDO, FL--- Hendricks & Partners, which ranks as one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of the 900-unit central Florida portfolio of four rental apartment properties in Plant City, Port Orange and DeLand for seller UDR, Inc., based in Colorado.
Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale with associate partner Hal Warren.
The properties include Hunter’s Ridge at Walden Lake (top left photo) in Plant City with 352 units, Pierpoint with 208 units and The Groves (middle right photo) 172 units in Port Orange, and The Mallards of Brandywine (lower left photo) in DeLand with 168 units.
Warren said the apartment units were all constructed between 1985 and 1990 and renovated in 2006/2007.
A private investment firm acquired the properties, according to Warren, for an undisclosed amount.
For more information, contact
Hal Warren, Associate Partner, Hendricks & Partners, 407-218-8881, hwarren@HPAPTS.com;
Larry Vershel or Beth Payan, Larry Vershel Communications, 407-644-4142, email@example.com
The HFF team representing Cencor Realty Services was led by managing director Travis Anderson (lower right photo).
HFF Managing Director
HFF Associate Director, Marketing
Prior to joining ARA, Troy was a founding partner and President of TM Real Estate Group, LLC, a real estate organization providing development, advisory, and management services for multiple asset classes with a core focus on multi-family, mixed use, and land projects.š
He supervised all aspects of internal operations across the spectrum of services performed by TM and also served as Court Appointed Receiver on over 20 projects throughout Florida.š
Ballard is a graduate of the University of Miami where he majored in Architecture with minors in Real Estate Finance, Business Administration, and Art History.
Lisa Robinson at lrobinson@ARAusa.com, 678.553.9360 or
Amy Morris at amorris@ARAusa.com, 678.553.9366;
locally, Marti Zenor, at mzenor@ARAusa.com 561.988.8800.šš