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.
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