Octavio Novoa

Quotes

Fun Facts

OCTAVIO NOVOA

Octavio was recently incorporated into the team as IT Manager, making him responsible for all information resources to help Tzadik reach their short- and long-term goals. Octavio’s duties include overseeing our office’s technology infrastructure and maintaining relationships with our third party providers.

Octavio has more than 25 years of experience in the IT field, having worked in a variety of industries, such as Construction, Telecommunications, Manufacturing, and IT Services. Octavio brings to Tzadik his extensive experience in data and infrastructure management, change management and working as part of effective teams in multi-office and fast-paced environments. He holds a degree in Systems Engineering and a Master’s in Business Administration from Universidad de Piura, one of the most renowned universities in Peru.

During his free time, Octavio enjoys spending time outside with his family around the grill, poolside, or at the beach. He also enjoys learning about other cultures and getting to know new people.

Tzadik Management closes out 2019 with $12.6M purchase in Rapid City

Tzadik Management closes out 2019 with $12.6M purchase in Rapid City

GLOBE NEWSWIRE
Press Release

Tzadik Management closes out 2019 with $12.6M purchase in Rapid City

RAPID CITY, S.D., Dec. 30, 2019 (GLOBE NEWSWIRE) — Tzadik Management broke ground in Rapid City, SD last week with the 12.6M purchase of 2 new apartment communities totaling 261 units. This acquisition is the latest in a line of recent upper Midwest acquisitions for Tzadik in 2019. “We have been strategically looking for the right deal to break into Rapid City for just over a year now. This market has historically been resilient to economic downturns during past recessions. We see in Rapid City a robust, diverse, and growing population which is highly educated and creating jobs that are in demand for this region,” said Michael Davalos, Executive Vice president at Tzadik in charge of acquisitions and capital raising. “This deal is the culmination of the local relationships we built over the last year. This is helping us to find the best deals possible for our investors to have a safe haven to invest in,” Davalos said. 

Tzadik plans to put over $1M in capital improvement into the communities over the next year to go along with bringing in a local staff the help with the transition. “We have built some very strong connections in this market over the past year and are very excited to bring Tzadik’s unique redefining culture to Rapid City,” said Regional Vice President, Tessa Frank.  

This marks the second upper Midwest acquisition for Tzadik in December to go along with a massive 1,275-unit acquisition in Houston in mid-November. Moving forward into 2020, Tzadik plans to not only continue their growth in the Midwest but also venture back into other avenues such as commercial realestate. “We are very eager to explore different openings moving forward, the first of which being us redefining our growth and how we look at opportunities,” said Chief Executive Officer, Adam Marcus 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 19,000 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.

If you think you have a deal for us or are interested in investing, please contact Michael Davalos.

Angela Thurow

Quotes

“Happiness can be found, even in the darkest of times, if one only remembers to turn on the light” – Albus Dumbledore

Fun Facts

 

Loves dogs and owns two, Gus the Goldendoodle and Norman the Labradoodle.

Avid reader and can usually be found with her nose in a book.

Favorite Movies-Star Wars & Harry Potter

 

ANGELA THUROW

A North Dakota native, Angela Thurow is our Regional Manager for the Omaha & North Dakota Region.  Angela started with Tzadik Management in September of 2019 and oversees the day to day operations of the different properties in her portfolio and interacts daily with her management teams.  Angela helps ensure that employees are working hard to meet their team goals while providing excellent customer service.

She holds a Paralegal Bachelor’s degree and a minor in Communication Studies from Minnesota State University Moorhead and is certified with the National Apartment Association by obtaining her NALP designation in 2010. Currently, she is working hard towards achieving her Certified Apartment Manager designation.  She started her career in property management in 2007, working in residential management for 5 years, then switching to commercial property management and real estate, earning her real estate license in North Dakota in 2013 and then going back into residential management, all in the Fargo/Moorhead community.  Angela is also a board member of the Greater Red River Apartment Association in Fargo and participates in organizing monthly events to promote the association and industry.

Angela believes in always being open and honest and providing her staff with the “Why” they are doing something so they understand the purpose and feel more invested in the task.  She prides herself on leading by example and strives to make a difference for her staff by supporting them and ensuring they are all reaching their true potential.

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

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 Falls, Tzadik Management closed Friday, November 15th on the acquisition of a 5-community portfolio, totaling 1,275 units, in Houston, Texas. This purchase was sourced in house by Michael Davalos who is leading acquisitions for Tzadik. “This deal is the culmination of over two years of relationship building in the Texas market” Houston is a highly competitive market with nearly every institution seeking value add deals said Davalos. 

 

This deal was unique for us, in that we were fortunate to capitalize on relationships to put a deal together with three great partners, all pitching in strategically to achieve our goals. The other partners, Elevate investments, Crown Capital Ventures, and Circle Capital Partners all played a strategic role in helping to close.

 

            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.

If you think you have a deal for us or are interested in investing, please contact Michael Davalos  

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.