Hendricks & Partners Negotiates REO Sale of 64 Unit Palm Villas Apartments in Fort Myers for $1,575,000

FORT MYERS, Fla. --- Hendricks & Partners, which ranks as one of the largest and most active multi-family investment banking and research companies in the U.S., recently negotiated the REO sale of the 64 unit Palm Villas Apartments property in Fort Myers for $1,575,000.

Cole Whitaker, director of the Southeast Division of Hendricks & Partners in Orlando, said Associate Partner Hal Warren and he negotiated the sale of the apartment property representing the seller PNC Bank.

Promotora Inmobiliaria, LLC was the buyer of the apartments consisting of four two-story garden-style buildings situated on 4.6 acres. The buyer was represented by Michael Maurer of RE/MAX Estates.

Palm Villa Apartments was constructed in 1968 and renovated in 2006.