Thursday, August 2, 2012

Hendricks & Partners Negotiates $6.26 million sale of Silver Pines 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 240-unit Silver Pines Apartments at 5402 Pine Chase Drive in Orlando for $6.26 million.

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

Hendricks & Partners represented a Dallas based Special Servicer. The buyer was not disclosed.

Built in 1995 Silver Pines features two and three bedroom garden style apartments with an average monthly rent of $704 and an average of 1,134 square feet of living space.

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