Hendricks-Berkadia negotiates $78.5 million sale of Five Florida apartment properties in Pensacola, Tallahassee

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 five Florida apartment properties for $78.5 million. Cole Whitaker, partner who heads Hendricks-Berkadia’s southeast region based in Orlando, negotiated the sale with senior vice president in the Orlando office Hal Warren and vice president Jason T. Stanton, of the firm’s Tampa office, The four properties were part of an 11 property Gulf Coast Portfolio of apartments Hendricks-Berkadia’s southeast team is marketing nationwide. The Pensacola properties include the 213-unit Cordova Regency Apartments at 4311 Bayou Blvd, 176-unit Crest View at Oakleigh Apartments at 8990 N. Davis Hwy., 200-unit Kings Mill at 8917 N. Davis Hwy., and 152-unit Crestview at Cordova at 3500 Creighton Rd. Hendricks-Berkadia also negotiated the sale of the 224-unit Plantations at Pine Lake property at 1833 Halstead Blvd. in Tallahassee. Whitaker said the portfolio includes a mix of Class A and Class B properties built between 1971 and 1999. Hendricks-Berkadia represented the sellers.