Tzadik Management Completes Sale of $15.8M Portfolio

Tzadik Management Completes Sale of $15.8M Portfolio

Tzadik Management announced Monday the sale of their last property in Miami Dade County. This marks the final sale of their inaugural portfolio, that began with acquisitions in 2010.

‘Opa-Locka Holdings’ was a 9-property portfolio spanning across the Liberty City and Opa-Locka area. The assets were acquired individually in various distressed states starting in 2010, introducing Tzadik into the Multi-Family industry. On Thursday August 24th, “7001 Building” located in Liberty City, was sold. This completed the sale of the entire portfolio, selling for over $15.8 million.

Many of these assets were acquired as vacant shells that required extensive exterior and interior rehabilitation to be suitable for occupancy. These properties were renovated and stabilized prior to sale. “These assets were an array of short sales, foreclosures and other distressed real-estate opportunities. We are extremely happy we were able to complete our turnaround strategies and create value for our investors” said Chief Investment Officer, Alex Arguelles.

Throughout their 7-year ownership of the properties, Tzadik helped turnaround both the assets and the neighboring areas, “We made a difference in the community and we are happy to see our vision executed” said Chief Executive Officer, Adam Hendry.

Tzadik is a fast growing, innovative, and driven real estate and property management company based in Miami, Florida. Since its formation in 2007, Tzadik has managed over $700 million in apartment complexes and over 10,000 units throughout the entire state of Florida. Through excellent management, a focus on company culture, and a tech driven style of operating, Tzadik management has established a reputation for building lasting relationships. Continue to be on the lookout for similar dealings in the near future.