Tzadik acquires 4 additional communities in Sioux Falls

Tzadik acquires 4 additional communities in Sioux Falls

Press Release

Tzadik adds 4 communities to their Sioux Falls Portfolio

Tzadik Management acquired 4 new communities in Sioux Falls last week bringing their community count to 22. The 4 communities, totaling over 430 apartments, bring Tzadik’s total apartment count to well over 1,000 in Sioux Falls alone.

With communities located all around Sioux Falls, the team is well equipped to onboard the newest additions. Similar to their existing product, Tzadik plans to put in millions in capital improvements in an effort to help invigorate the communities. “We saw an opportunity to add to what we are building here” said Chief Executive Officer, Adam Hendry. “These communities fell right in line with our strategy and we are excited to have the opportunity to grow”.

The 4 new additions are located at:

 

  • Mallard Cove – 2000 W. 6th St, Sioux Falls, SD 57104
  • Parkside – 4304 E. 18th St, Sioux Falls, SD 57103
  • Cleveland Heights – 2708 E. 8th St, Sioux Falls, SD 57103
  • Willowwood – 1600 S. Rock Creek Dr, Sioux Falls, SD 57103

 

Tzadik plans to continue to monitor opportunities not just in Sioux Falls, but throughout the entire Midwest region. “We like a lot from what we have seen so far in our due diligence and I would expect to see many more acquisitions like this in the near future” claimed Hendry.

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.