Hendricks & Partners Negotiates $8 Million+ Sale of The Park at Ashley Place Apartments in New Port Richey

TAMPA, 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 The Park at Ashley Place luxury apartments located on Vista Verde Drive in New Port Richey for $8.050 million or $56,293 per unit. The community was 95 percent occupied at the time of closing. Cole Whitaker, partner who heads Hendricks & Partners in the Southeast, negotiated the sale with senior investment advisor Jason Stanton of the firm’s Tampa Bay office representing the seller, Blue Rock Partners, LLC. The 143-unit apartment property was built in 1986 with an average unit size of 784 square feet.