Hendricks-Berkadia Negotiates sale of 185-unit Ravenwood Apartments in Kissimmee, FL for $8.5 million

  

Ravenwood Apartments, Kissimmee, FL

ORLANDO, FL--- Hendricks-Berkadia, among the nation’s largest and most active multi-family investment banking and research firms, recently negotiated the sale of Ravenwood Apartments off North John Young Parkway in Kissimmee.

Cole Whitaker, partner who heads Hendricks-Berkadia in the southeast region and associate partner Hal Warren negotiated the sale.

Sale of the property, built in 1993 with 185 apartment units on 16 acres, qualified for low housing tax credits (LHTC) financing. The average rents are $632.00.

Ravenwood Partners LLC paid $8.5 million to acquire the property from Ravenwood Partners of Kissimmee.

For a complete copy of the company’s news release, please contact:

Beth Payan or Larry Vershel Communications, 407-644-4142 Lvershelco@aol.com