Tzadik Breaks Ground in Omaha, Eyes Additional Midwest Markets

Tzadik Breaks Ground in Omaha, Eyes Additional Midwest Markets

Market Watch
Press Release

Tzadik closed on their first community in Nebraska late last week, acquiring City View Apartments, a 221-unit building located in downtown Omaha.

OMAHA, Neb., Sep 04, 2019 (GLOBE NEWSWIRE via COMTEX) — OMAHA, Neb., Sept. 04, 2019 (GLOBE NEWSWIRE) — Tzadik closed on their first community in Nebraska late last week, acquiring City View Apartments, a 221-unit building located in downtown Omaha. This is the latest acquisition in line with Tzadik’s recent investment strategy, further adding to their rapidly growing Midwest portfolio. A “Melt-Up” projection aligned with lowering interest rates helped spark the company’s interest in the market in 2017. 

Fresh off several acquisitions in Sioux Falls, Tzadik has been quick to scope out additional investment opportunities. “We have had Omaha in our sights for several months now. We are excited about the opportunity City View provides and plan to provide the best management possible,” says Regional Vice President, Tessa Frank. 

In addition to Omaha, Tzadik has plans to enter several new markets in the coming months. “Right now, we are really just going where the opportunities take us. Like we projected, interest rates have dropped substantially and will continue to do so, and have we positioned ourselves to take full advantage,” said Chief Executive Officer, Adam Hendry. “We hope to close in several Midwest markets such as Rapid City and Fargo and are exploring additional special circumstance opportunities as far south as Houston at the moment.” 

As they head into the latter stages of their twelfth year, Tzadik has established themselves as major players in the multi-family industry thanks to special situational acquisitions, including non-performing loans in alternative asset classes like agriculture and farming. With acquisitions taking place across the country, Tzadik’s knack for timely and cost-effective acquisitions and sales have helped rapidly expand their portfolio.

Tzadik is a growing, innovative, and driven real estate and property management company based in Miami, Florida. Since its formation in 2007, Tzadik has managed over $800 million in apartment communities and over 20,000 units in over 20 states. 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.

Howard Shore

 

Howard Shore

Activate Group founder, speaker and bestselling author of the book Your Business is a Leaky Bucket, Howard M. Shore has helped hundreds of executives and teams to improve performance by finding more profits, more revenue, higher business valuations, less stress, and more time. His clients work in family-owned, multinational, public and private companies ranging from $1 million in revenue to over $1 Billion.

As one of the top business coaches in the United States, Howard knows that the hardest part of your job is managing your people. This came from having owned several companies, working for 3 top Fortune 500 companies (Ryder Systems, AutoNation, and KPMG), and from his experience as a business coach and executive coach.

Howard M. Shore is a Certified Gazelles Coach, Certified Public Accountant Certified Executive Coach, Certified Behavioral Analyst, Certified Values Analyst, and Certified Attributes Index Analyst. He has earned Bachelor and MBA degrees from Florida International University, and completed advanced executive programs at Harvard Law School and the University of Chicago.

Howard M. Shore is an accomplished speaker and member of the National Speakers Association (NSA) and has shared his message with organizations around the country.

Greg Crabtree

Greg Crabtree

Greg Crabtree is a speaker, author, entrepreneur and financial expert. After spending five years in regiona accounting and three years as Vice President of operations/controller for a local bank, Crabtree used his entrepreneurial skills to develop Crabtree, Rowe Berger, PC, a CPA firm dedicated to helping entrepreneurs build the economic engine of their business. In addition to serving as the firm’s CEO, Crabtree leads the business consulting team—helping clients align their financial goals with their profit model and their core business values.In 2011, Crabtree published his first book “Simple Numbers, Straight Talk, Big Profits” where he shares his core principles of how to turn your business into a wealth building engine.Crabtree’s community service includes Boys and Girls Clubs of America National Area Council Member, Entrepreneurs’ Organization Global Board (2006 to 2009), ALS Association of Alabama, Boys and Girls Clubs of North Alabama, Atlanta chapter of The Entrepreneurs’ Organization (EO) past board member. Crabtree is a frequent speaker at EO Chapter events, EO’s Accelerator Money Day program and the U.S. State Department’s New Beginnings program for international entrepreneurs.Greg and his wife Debbie have four children. Greg is an avid golfer and enjoys playing historic golf courses whenever his travel plans permit.

“Melt Up” 1970’s “Stagflation” Projection still the forecast by Tzadik, continues Midwest push

“Melt Up” 1970’s “Stagflation” Projection still the forecast by Tzadik, continues Midwest push

Star Tribune
Press Release

A few weeks after closing on their third acquisition in South Dakota in under a year, Tzadik Management is gearing up for another large push throughout the entire Upper Midwest region

SIOUX FALLS, S.D., July 29, 2019 (GLOBE NEWSWIRE) — A few weeks after closing on their third acquisition in South Dakota in under a year, Tzadik Management is gearing up for another large push throughout the entire Upper Midwest region. In addition to a new large acquisition in South Dakota, Tzadik plans on expanding into North Dakota, Nebraska and other potential states in the coming months.  

As what they believe to be the soundest market regions in the United States, the upper Midwest provides a very intriguing opportunity with some of the lowest unemployment rates in the US and an overall lack of rental supply despite the booming population growth. “The stability of the Midwest combined with our company culture, performance management and overall experience are all positive indicators toward us ensuring our strategy gets executed,” said Executive Vice President, Michael Davalos. 

Tzadik has even dipped into the commercial real estate market, purchasing a large office space in downtown Sioux Falls and plans to continue to explore similar opportunities moving forward. “Commercial isn’t something new to us necessarily, it has just been hard to make sense of it recently based on existing cash flow. We realized to make a permanent stake in the market, we needed both an office and strategic investment that has met and exceeded our criteria,” said Chief Executive Officer, Adam Hendry. 

Tzadik’s initial plunge into the Midwest has been driven by a “Melt-Up” and potential Stagflation 1970’s projection from the company’s executive team. “If the federal reserve is truly determined to drop rates before any sustained market pull back, then we have to be prepared for a Melt-Up, not a Melt-Down,” continued Hendry. “Everyone thinks they are preparing for another 2008, but most likely we think the upcoming crash with be much different.” 

Tzadik is a growing, innovative, and driven real estate and property management company based in Miami, Florida. Since its formation in 2007, Tzadik has managed over $800 million in apartment complexes and over 15,000 units in over 20 states as well as the Caribbean. 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.

 

Tzadik adds 3 additional communities in Sioux Falls, completes 12.8M acquisition

Tzadik adds 3 additional communities in Sioux Falls, completes 12.8M acquisition

SIOUX FALLS, S.D., July 03, 2019 (GLOBE NEWSWIRE) — Tzadik Management closed on an additional 3 communities in Sioux Falls Monday, expanding on their growing presence in the market. The 12.8M purchase is the third acquisition that has Tzadik has made in Sioux Falls since October of 2018, bringing them to 25 total communities and over 1,350 apartment homes. 

This comes on the heels of the ribbon cutting of their new leasing office located near downtown Sioux Falls. Tzadik Management recently joined the cities Chamber of Commerce, aiming to further involve themselves in the city’s development. The new offices location also allows for the team to maintain more immediate access to their communities.

The newest communities added to the portfolio are:

  • Turning Leaf – 1311 N. Cleveland Ave, Sioux Falls, SD 57103
  • Brookshire – 609 N. Cleveland Ave, Sioux Falls, SD 57103
  • Woodstone – 3113 W. 12th St, Sioux Falls, SD 57104

Tzadik has begun to more aggressively tap into the Sioux Falls talent market, highlighted by the addition of Regional Vice President, Tessa Frank. “Having worked in Sioux Falls for several years, I am delighted to see Tzadik continue to be apart of the cities growth. I’m excited about the team we are building and look forward to helping make a difference in our community” said Frank. Gearing their recruiting efforts toward local talent, combined with unparalleled company culture and industry leading benefits packages, Tzadik has seen immediate returns from their latest team additions. “Having a team that has been in Sioux Falls for many years has really been a bonus for us and we are eager to see where it takes us” added Frank.

Tzadik is a growing, innovative, and driven real estate and property management company based in Miami, Florida. Since its formation in 2007, Tzadik has managed over $800 million in apartment complexes and over 15,000 units in over 20 states. 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.