Tuesday, July 24, 2012

Hendricks & Partners Negotiates $1.548 million sale of Pineview Apartments in Pine Hills

ORLANDO, Fla. --- Hendricks & Partners, one of the nation’s largest and most active multi-family investment banking and research companies, recently negotiated the sale of the Pineview Apartments, on N. Pine Hills Rd in Orlando for $1.548 million.

Cole Whitaker, partner and director of the Southeast Division of Hendricks & Partners, negotiated the sale of the 91-unit apartment property with associate partner Hal Warren in Orlando and senior investment advisor Jason Stanton in the firm’s Tampa office.

Hendricks & Partners represented the seller, Blue Valley Apartments, Inc. The buyer was not disclosed.

The 25-year-old Pineview apartment community with a total of 46,656 rentable square feet consists of studio, one and two bedroom units with a monthly rent that averages $481.

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