Hendricks-Berkadia Negotiates sale of three apartment properties — 1,130 units —for $62 million

ORLANDO, Fla. --- Hendricks-Berkadia Real Estate Advisors, which ranks as one of the leading multi-family investment banking and research companies in the nation, recently negotiated the sale of three apartment properties in Bradenton and Orlando that total some 1,130 units and valued at close to $62 million. Cole Whitaker, partner who heads the Southeast Division of Hendricks-Berkadia, negotiated all three transactions with associate partner Hal Warren and vice president Jason Stanton. The three sales brought $61,780,000. Hendricks-Berkadia represented the seller in all three transactions. Whitaker and Warren negotiated the sale of Braden Lakes Apartment Homes on 50th Avenue West in Bradenton for $14,280,000 representing seller Situs, LLC. Lexsignia LLC acquired the property comprising 264 units in 16 two-story garden style buildings and a clubhouse. Whitaker and Warren represented Situs, LLC in a second sale of The Cornerstone Apartments with 430 units on S. Conway Rd. in Orlando for $23 million. Robbins Property Associates LLC, acquired the property with a total of 317,190 rentable square feet on 27 acres. Whitaker and Warren negotiated the $24,500,000 sale of Park Baldwin Palms at 2250 N. Semoran Blvd. in Orlando representing seller Everglades Partners, LLC. Covenant Capital Group, LLC acquired the property with 436 apartments situated in 38 two-story garden-style buildings on 21.8 acres.