In the largest purchase of its kind on a per unit basis in Florida, Tzadik Management bought 2, 199 apartments in Florida, in total worth $81 million. The properties are in 13 multi-family communities in Tampa Bay, Orlando, Lakeland, Sarasota and Jacksonville.
Adam Hendry, President and Managing Member of Tzadik Management, said in a press release, “We look to purchase off market and special circumstance real estate.This acquisition completely encapsulates our investment philosophy and the future of our company.” Since it was created in 2007, Tzadik Management owns and manages $300 million in apartment complexes and luxury condo developments.
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