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.
Please help us out :
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
Will you offer us a hand? Every gift, regardless of size, fuels our future.
Your critical contribution enables us to maintain our independence from shareholders or wealthy owners, allowing us to keep up reporting without bias. It means we can continue to make Jewish Business News available to everyone.
You can support us for as little as $1 via PayPal at office@jewishbusinessnews.com.
Thank you.
