Tzadik Management’s Adam Marcus Hendry enters Houston Market with 1,275 Unit Acquisition

YAHOO FINANCE
Press Release

Fresh off the heels of their latest purchase in Sioux FallsTzadik Management closed Friday, November 15th on the acquisition of a 5-community portfolio, totaling 1,275 units, in Houston, Texas.

Fresh off the heels of their latest purchase in Sioux FallsTzadik Management closed Friday, November 15th on the acquisition of a 5-community portfolio, totaling 1,275 units, in Houston, Texas.

Tzadik Management’s Regional Vice President, Debbie Wheatley, who has thrived in the Houston Market for years is excited to get started. “More than anything I am just excited to bring the unique culture and engagement I have seen in my time with Tzadik,” said Wheatley. “We have been given a chance to make a difference in our community and Redefine how these communities operate moving forward”.

The 5-community portfolio is listed below:

  • Crossings at Jackson Square – 8030 Airport, Houston, TX 77071

  • Crossings at Bradford Place – 8300 W Airport, Houston, TX 77071

  • Shadowtree – 9475 W Sam Houston Parkway, Houston, TX 77099

  • Cresent City – 8501 Broadway, Houston, TX 77061

  • Casa Royal – 9445 Concourse, Houston, TX 77036

While Tzadik Management’s recent investment strategy has brought them mostly toward the upper Midwest, Chief Executive Officer Adam Marcus Hendry believes Houston shares a lot of similar attributes that made the Midwest so appealing. “This deal helps us continue to establish our footprint in middle America, where we believe the steady population growth combined with their energy and oil supply should help mitigate the upcoming stagflation,” said Adam Marcus Hendry.

With property values continuing to climb at a rapid pace, Tzadik Management has begun looking into acquiring management companies to continue their growth. “Buying wholesale brings a lot of positives to the table. We believe we can close at close to 20 or 30 percent below market while also jumping the Death Valley curve” said Adam Marcus Hendry. Tzadik Management is also looking into commercial real estate acquisition, with many due diligence projects currently underway.

Tzadik Management 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 $1 billion in apartment complexes and over 19,000 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.

Tzadik sells 196 unit community for $15,750,000 in Atlanta at a record breaking price per door

Tzadik sells 196 unit community for $15,750,000 in Atlanta at a record breaking price per door

YAHOO FINANCE
Press Release

Tzadik Management closed late Wednesday afternoon on the sale of a 196-unit community located near Atlanta, GA. The sale, totaling well over $15.5M, was the third community Tzadik has sold in the past two months.

ATLANTA, Oct. 18, 2019 (GLOBE NEWSWIRE) — Tzadik Management closed late Wednesday afternoon on the sale of a 196-unit community located near Atlanta, GA. The sale, totaling well over $15.5M, was the third community Tzadik has sold in the past two months. Closing on two Albany area communities in Q3, Tzadik still has decided to strategically keep a Georgia footprint via locations in Warner Robins, GA. 

This sale ranks amongst the highest in price per door for workforce housing in the Atlanta area, with their price of $80,357 per door more than doubling their purchase price at under $40,000 just a year and a half ago. “This is a true testament to the amazing work of our construction and asset management teams,” said Chief Executive Officer, Adam Marcus Hendry. “We were pleasantly surprised with how quickly we were able to reposition the community given the various market factors we had to deal with.”

This is the first of many moves the company plans to make in Q4. In addition to adding several communities in Houston, Omaha, Sioux Falls and Rapid City, Tzadik is set to break into the North Dakota market with properties set to close in both Dickinson and Fargo. The company is also planning to break back into the commercial real-estate market, eyeing up to 60 properties in the Central Florida region via buying a company.

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 $1 billion in apartment complexes and commercial real estate, totaling over 19,000 units in more than 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.

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.