Tzadik Management Sells Original Property

Tzadik Management Sells Original Property

MIAMI, December 7th, 2016:

Tzadik Management has closed on the sale of the 7136 Building, one of the earliest properties ever owned by Tzadik. The 20-unit apartment complex located at 7136 NW 14th Place, sold yesterday ending Tzadik’s 6-year ownership of the property.

This sale caps the latest distressed property disposition orchestrated by Tzadik, further establishing the trend they have set in past years. “We were able to take a shell of a building and revitalize it into a home. We are comfortable knowing we leave this property in far greater shape than when we acquired it” said Chief Executive Officer, Adam Hendry. The building sold for $800,000 and are 2 the 16 buildings sold in the South Florida Region this year.

Tzadik started in 2007 with one, two-story 36-unit, apartment complex in Miami, FL. Today, they own over 25 different multi-family apartment communities in 10 different cities, totaling over 4,500 units. They have managed over $300 million in apartment complexes and luxury condo developments. As one of the most rapidly growing Multi-Family management companies in the state, continue to look for more re-capitalizations and acquisitions in the future.

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Tzadik Management Completes Another Miami Sale

Tzadik Management Completes Another Miami Sale

MIAMI, October 18th, 2016:

Tzadik Management has closed on yet another Miami Apartment sale. The 2-Story, 36 Unit Garden Style Building located at 820 NW 70th Street in Miami, FL sold yesterday for $1.35 Million, ending Tzadik’s 5-year ownership of the property. This sale is the latest in a series of sales completed by Tzadik in the Miami area in the past year.

This sale caps the latest distressed property flip orchestrated by Tzadik, further establishing the trend they have set in past years. “We were able to take advantage of the opportunity to revitalize what at the time was a distressed and run down property” said Chief Acquisitions Officer, Alex Arguelles. “Our ability to recognize the potential in this area and capitalize on it is encouraging moving forward.”

Tzadik has managed over $300 million in apartment complexes and luxury condo developments. As one of the most rapidly growing Multi-Family management companies in the state, continue to look for more sales and acquisitions in the future.

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Tzadik completes another turnaround, sells two Miami Apartment Buildings.

Tzadik completes another turnaround, sells two Miami Apartment Buildings.

In another step of analogous sales, Tzadik Management has sold two of their earlier assets, 1251 and 1281 NW 61st Street for  $1.45M million in early September.
Falling in line with their niche market approach of distressed real estate acquisition and turn-around, these sales act as a thorough illustration of their business model. “Looking back on these acquisitions, I am proud of what we were able to accomplish on this sale given the many challenges the properties posed” said Managing Director, Adam Hendry, “Our goal was to make a difference for all parties involved and I believe we did that”.
The sale is one of many transactions completed by Tzadik this year. “Being able to sell these two properties at the right price allows us to reinvest and expand into other markets. It was really an overwhelming success” said Chief Visionary Officer, David Runyon. Tzadik recently acquired 6 new properties in both Orange and Volusia counties, bringing their total units to over 4,500.
Tzadik has been active in the real estate market since 2007.  Today, they own over 30 different multi-family apartment communities in 10 different cities. They have owned and managed over $450 million in apartment complexes and condo developments throughout the state of Florida. As one of the most rapidly growing Multi-Family management companies in the state, they look towards more strategic acquisitions and expanding their institutional third party management platform both statewide, as well as in the southeast United States.
Tzadik Management Expands Over Daytona While Adding 1,244 Units to its Rapidly Growing Portfolio

Tzadik Management Expands Over Daytona While Adding 1,244 Units to its Rapidly Growing Portfolio

MIAMI, FL- August 11th, 2016—Tzadik Management is proud to announce the acquisition of six multi-family apartment communities spanning over both Orange and Volusia counties and totaling 1,244 units.

Tzadik adds two of the communities to their existing group of Orlando area properties while the remaining properties expand Tzadik into the greater Daytona area. Tzadik Founder and CEO, Adam M Hendry, is excited about the cascading effects of this purchase, “This has been a tremendous team effort enabling us to Make a Difference in the lives of so many people associated with this acquisition.”
 

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Tzadik closes another Miami Beach Sale

Tzadik closes another Miami Beach Sale

Tzadik Management has closed on yet another Miami Beach sale. ‘Tzadik Boutique’, a 28-unit 2 story apartment complex in the heart of Miami Beach, sold yesterday ending Tzadik’s 5 year ownership of the property. The sale of this property marks the second Miami Beach sale in the past year.

This sale caps the latest distressed property flip orchestrated by Tzadik, further establishing the trend they have set in past years. “We were able to take advantage of this opportunity to revitalize what at the time was a distressed and run down property” said Chief Acquisitions Officer, Alex Arguelles. “Our ability to recognize the potential in this area and capitalize on it is a good sign moving forward.”

‘Tzadik Boutique’, upon listing, quickly became one of the most sought after Apartment Communities after Tzadik’s ownership thanks to their commitment to cleaning up the area. “We love what we have been able to do with this property in the time that we’ve been able to own it” said Chief Visionary Officer, David Runyon. 

Tzadik has managed over $300 million in apartment complexes and luxury condo developments. As one of the most rapidly growing Multi-Family management companies in the state, continue to look for more sales and acquisitions in the future.

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