ORLANDO, Fla. --- Hendricks & Partners, which ranks as one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of the 900-unit central Florida portfolio of four rental apartment properties in Plant City, Port Orange and DeLand for seller UDR, Inc., based in Colorado.
Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale with associate partner Hal Warren.
The properties include Hunter’s Ridge at Walden Lake in Plant City with 352 units, Pierpoint with 208 units and The Groves 172 units in Port Orange, and The Mallards of Brandywine in DeLand with 168 units.
Warren said the apartment units were all constructed between 1985 and 1990 and renovated in 2006/2007.
A private investment firm acquired the properties, according to Warren, for an undisclosed amount.
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