Tzadik Management Announces $64.5 Million Refinancing of 6-Property Portfolio

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| Source: Tzadik Management

MIAMI, Dec. 15, 2017 (GLOBE NEWSWIRE) -- Tzadik Management Group announced Friday the $64.5 Million refinancing of a 1,244-unit portfolio consisting of six multi-family apartment communities across Central Florida. The communities, initially acquired back in August of 2016, span from Orlando all the way to Daytona Beach.

  • Tzadik Brookside at: 3997 Rosewood Way, Orlando FL, 32808
  • Tzadik Millennium at: 4255 Barwood Dr, Orlando FL, 32839
  • Tzadik Ridge at: 2050 S. Ridgewood Ave, South Daytona FL, 32119
  • Tzadik Bay at: 1225 S. Beach St, Daytona Beach FL, 32114
  • Tzadik Park at: 1049 Brentwood Dr, Daytona Beach FL, 32117
  • Tzadik Rose at: 200 Robert St, New Smyrna Beach FL, 32168

The refinance will allow for an equity return for all investors while additionally putting aside a large sum for capital expenditures back into the assets. “This refinance was a huge win for Tzadik and all of our partners. We are proud to be able to substantially reduce the cost of capital and look forward to executing our long-term vision for the portfolio,” said CEO and Founder, Adam Hendry.

ABOUT TZADIK

Tzadik is a fast growing, innovative, and driven real estate company based in Miami, Florida. Since its formation in 2007, Tzadik has managed over $700 million in apartment complexes and over 10,000 units throughout the entire state of Florida. 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. Continue to be on the lookout for similar dealings in the near future.

Tyler Thrift
Office: (954) 332-9992
Fax: (954) 212-9234
Tyler.Thrift@TZ-M.com