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, lvershelco@aol.com  

HFF secures $7.5 million refinancing for Homestead Shopping Center in suburb of Austin, TX

DALLAS, TX – HFF announced  it has secured a $7.5 million refinancing for Homestead Shopping Center (top left photo), an 88,829-square-foot retail center in Cedar Park, Texas.

HFF worked exclusively on behalf of Cencor Realty Services and their affiliate, The Weitzman Group, to secure the five-year, 5.5 percent fixed-rate loan through ViewPoint Bank.

Homestead Shopping Center is located at the northwest corner of Highway 183 and Lakeline Mall Boulevard proximate to Lakeline Mall.  Built in 1999, the retail center serves a residential population of more than 189,000 within a five-mile radius, with a median household income of $92,000.  The property is anchored by Petco, Barnes & Noble and Pier 1 Imports, and is 96 percent leased. 

The HFF team representing Cencor Realty Services was led by managing director Travis Anderson (lower right photo).

For more information, please visit www.viewpointbank.com or www.viewpointfinancialgroup.com.

Contacts:   

            

TRAVIS ANDERSON                                    

 HFF Managing Director                                

 (214) 265-0880                                                   

tanderson@hfflp.com                                       

KRISTEN MURPHY

HFF Associate Director, Marketing

(713) 852-3500

krmurphy@hfflp.com               

ARA’s South Florida Team Expands Operations with the Addition of Troy Ballard as Land Division VP

 Boca Raton, FL — Atlanta-headquartered ARA, the largest privately held, full-service investment advisory brokerage firm in the nation focusing exclusively on the multihousing industry, announces that Troy Ballard (top right photo) has joined the team as Vice President South Florida Land Division.

 Troy brings more than a dozen years of experience with respect to development, entitlements, and land planning.š

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.

Contacts:

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