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

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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.

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DLP Capital Partners Completes One of Our Largest Equity Deals to Date

DLP recently partnered with Tzadik Management on a Senior Equity Partnership that represents one of our largest equity deals to date, at over $36 million. Recently closed in early April, it is an acquisition of 6 apartment communities totaling 1,010 units located in College Park, Warner Robins, and Albany, Georgia. DLP provided 80% of the

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Over 1,000 Off-Market Units Bought by Tzadik Management

ATLANTA, April 12, 2018 (GLOBE NEWSWIRE) — Tzadik Management announced Monday the acquisition of six off market, direct to seller, multi-family apartment communities in the state of Georgia. This acquisition totals 1,010 units that span between Houston, Dougherty and Clayton Counties. This marks yet another group of properties Tzadik has acquired outside the state of

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Eagle Apartments Portfolio Trades Hands in Central Florida

Eagle Properties Management Company sold its six-property multifamily portfolio totaling 1,244 units across Central Florida to Tzadik Management for $63 million, or about $51,000 per unit.

“The Eagle Apartments Portfolio offering was a rare opportunity to acquire a critical mass of units within some of the fastest-growing rental markets in Florida,” says Michael Donaldson, a vice president investments in Marcus & Millichap’s Tampa office.

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Miami firm makes big buy of apartments in Volusia

By Bob Koslow and Clayton Park, bo********@ne*******.com, cl**********@ne*******.com

DAYTONA BEACH — The former owners of Lohman Funeral Homes recently sold four apartment complexes in east Volusia County as part of a larger sale that included two apartment properties in Orlando.

The Lohman family have used some of the proceeds from the $63 million they received from the sale to Miami-based Tzadik Management to acquire another apartment complex in Daytona Beach.

“We didn’t intend to sell. They weren’t on the market,” said Lowell Lohman, who owned the complexes with his wife, Nancy, and son, Ty. “We got a nice offer and agreed to sell.”

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