ORLANDO - The Orlando office of Hendricks & Partners, the nation’s largest multi-family advisory and research firm, reported it negotiated sales of 10 apartment properties in 2010 that total 3,302 units in the Southeast.
Cole Whitaker, partner who heads the Orlando office of Hendricks & Partners and oversees the firm’s operations throughout the Southeast, said he and associate partner Hal Warren negotiated all 10 multi-family property sales as well as sales of three Florida development sites that total 402 acres.
Multi-family property sales included two student housing properties, Whitaker said.
“We project that transactions involving apartment properties will increase in 2011 as the economy improves,” Whitaker said.
“We don’t foresee significant new construction region-wide,” Whitaker said, “however, in certain submarkets in the southeast, it makes sense to consider new multi-family development and we expect to see some new construction,” he said.
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For more information contact: Cole Whitaker, Southeast Partner, Hendricks & Partners 407-218-8880 cwhitaker@HPAPTS.com; Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881 hwarren@HPAPTS.com
Showing posts with label partners. Show all posts
Showing posts with label partners. Show all posts
Friday, February 25, 2011
Monday, February 14, 2011
Hal Warren at Hendricks & Partners in Orlando Awarded Certified Apartment Portfolio Supervisor Professional Designation
ORLANDO, Fla. --- Hal Warren, associate partner at Hendricks & Partners in Orlando, was recently awarded the prestigious Certified Apartment Portfolio Supervisor (CAPS) professional designation by the National Apartment Association Education Institute (NAAEI).
Warren said the NAAEI’s CAPS professional designation---one of the Institute’s most difficult professional qualification---requires the successful completion of five rigorous educational courses that total more than 40 hours of classroom time.
CAPS certification also requires two years of experience managing a portfolio of apartment properties.
“CAPS is the industry’s highest certification for professional portfolio managers and according to Cole Whitaker, who heads Hendricks & Partners southeast region, “Warren is one of a few multi-family investment sales brokers in the U.S. to earn the CAPS certification,”
Warren, who earned his Bachelor’s Degree from the College of Business at Florida State University in Tallahassee and his MBA from the University of Central Florida, joined Hendricks & Partners in 2008 and ranks as one of the most active investment sales brokers of multi-family properties and development sites in Florida.
Warren has almost 20 years of experience in the field, in the Florida region at United Dominion Realty Trust, The Apartment Group and Cushman & Wakefield.
Currently Warren is serving a second term as chairman of the City of Orlando’s Historical Preservation Board.
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For more information contact: Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881 hwarren@HPAPTS.com
Warren said the NAAEI’s CAPS professional designation---one of the Institute’s most difficult professional qualification---requires the successful completion of five rigorous educational courses that total more than 40 hours of classroom time.
CAPS certification also requires two years of experience managing a portfolio of apartment properties.
“CAPS is the industry’s highest certification for professional portfolio managers and according to Cole Whitaker, who heads Hendricks & Partners southeast region, “Warren is one of a few multi-family investment sales brokers in the U.S. to earn the CAPS certification,”
Warren, who earned his Bachelor’s Degree from the College of Business at Florida State University in Tallahassee and his MBA from the University of Central Florida, joined Hendricks & Partners in 2008 and ranks as one of the most active investment sales brokers of multi-family properties and development sites in Florida.
Warren has almost 20 years of experience in the field, in the Florida region at United Dominion Realty Trust, The Apartment Group and Cushman & Wakefield.
Currently Warren is serving a second term as chairman of the City of Orlando’s Historical Preservation Board.
* * *
For more information contact: Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881 hwarren@HPAPTS.com
Tuesday, November 23, 2010
Hendricks & Partners and The Oakley Group Negotiate Sale of Large Birmingham Ala. Apartment portfolio for $32,100,000
ORLANDO - Hendricks & Partners, one of the nation’s largest multifamily advisory and research firms and The Oakley Group co-listed and negotiated the sale of the Highland Multi-Family Portfolio of apartment properties in Birmingham for $32,100,000.
Cole Whitaker, who heads the Southeast region for Hendricks & Partners in Orlando, said Abbey Residential, LLC of Birmingham acquired the portfolio, which includes 1,782 apartment units, and ranks among the largest unit sales in Birmingham history.
The portfolio includes three apartment communities, Highland Peak, with 585 apartments at 114 Aspen Circle in Homewood, Highland View with 644 units located at 700 Aspen Drive in Birmingham and Highland Bluff with 553 apartment units at 200 Robert Jemison Drive in Birmingham
“The Highland Multi-family Portfolio sale points to the strength of the Birmingham market,” Whitaker said. “Market response to this offering was exceptionally strong, and all of us are pleased that the properties were acquired by a Birmingham company,” he said.
“We are very appreciative of the support Hendricks & Partners and The Oakley Group provided in achieving the 30-day due diligence period and contract parameters to close this transaction in 60 days, said J. Frank Barefield, Jr., president of Abbey Residential, LLC. “That is a very difficult task for 1,782 distressed units,” he added.
“Abbey Residential was the perfect fit for this deal,” said David Oakley. “They did exactly what they said they would do throughout the entire process—there were no retrades and no extensions. That goes a long way in our industry and demonstrates the high standards of Abbey Residential,” Oakley explained.
Whitaker headed the Hendricks & Partners team that negotiated the sale along with associate partner Hal Warren of Orlando, and Associates John Clayton, Aaron Hargrove and Tim McKay who work out of Hendricks & Partners south central office. Hendricks & Partners and The Oakley Group represented the seller REDUS Alabama Commercial, LLC (Wells Fargo Bank, N.A.) of Atlanta, Charlotte and Los Angeles.
* * *
For more information, contact: Cole Whitaker, Managing Partner, Hendricks & Partners 407-256-9594; David Oakley, The Oakley Group, Inc. 205-918-0785; Hal Warren, Associate Partner, Hendricks & Partners 407- 256-9594; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142
About Abbey Residential, LLC: Abbey Residential, LLC a privately held multifamily property owner headquartered in Birmingham, Ala., owns 8,000 units in Texas, Alabama, Georgia, Florida and South Carolina valued at over a half billion dollars. Abbey has been in business for over 26 years and is active in acquiring existing properties to be repositioned as well as the construction of new multifamily properties.
About Hendricks & Partners: Hendricks & Partners is the nation’s largest multifamily advisory and research firm. Since its inception, the firm has delivered the industry’s finest marketing and research platform by focusing exclusively on multifamily owners, multifamily properties, and the nation’s apartment markets. This focus allows the firm to create the most efficient apartments-only marketplace, as well as recruit expert advisors, research professionals and support staff to ensure that every innovation, from new marketing techniques to the collection of market data, achieves maximum value for apartment owners, investors, lenders and servicers.
About the Oakley Group:The Oakley Group, Inc. is a commercial real estate firm with a primary focus on multi-family brokerage and management services based in Birmingham, Alabama. With our unsurpassed local market knowledge and relationship network, The Oakley Group strives to provide quality service to both institutional and private investors. Our approach is simple; offer a realistic assessment of property value, provide quality management services to both residents and owners, and work through every detail with honesty and integrity. Because our primary focus is on multi-family we have the capability to deliver brokerage services seamlessly and efficiently by individualizing each client’s goals and objectives.
Cole Whitaker, who heads the Southeast region for Hendricks & Partners in Orlando, said Abbey Residential, LLC of Birmingham acquired the portfolio, which includes 1,782 apartment units, and ranks among the largest unit sales in Birmingham history.
The portfolio includes three apartment communities, Highland Peak, with 585 apartments at 114 Aspen Circle in Homewood, Highland View with 644 units located at 700 Aspen Drive in Birmingham and Highland Bluff with 553 apartment units at 200 Robert Jemison Drive in Birmingham
“The Highland Multi-family Portfolio sale points to the strength of the Birmingham market,” Whitaker said. “Market response to this offering was exceptionally strong, and all of us are pleased that the properties were acquired by a Birmingham company,” he said.
“We are very appreciative of the support Hendricks & Partners and The Oakley Group provided in achieving the 30-day due diligence period and contract parameters to close this transaction in 60 days, said J. Frank Barefield, Jr., president of Abbey Residential, LLC. “That is a very difficult task for 1,782 distressed units,” he added.
“Abbey Residential was the perfect fit for this deal,” said David Oakley. “They did exactly what they said they would do throughout the entire process—there were no retrades and no extensions. That goes a long way in our industry and demonstrates the high standards of Abbey Residential,” Oakley explained.
Whitaker headed the Hendricks & Partners team that negotiated the sale along with associate partner Hal Warren of Orlando, and Associates John Clayton, Aaron Hargrove and Tim McKay who work out of Hendricks & Partners south central office. Hendricks & Partners and The Oakley Group represented the seller REDUS Alabama Commercial, LLC (Wells Fargo Bank, N.A.) of Atlanta, Charlotte and Los Angeles.
* * *
For more information, contact: Cole Whitaker, Managing Partner, Hendricks & Partners 407-256-9594; David Oakley, The Oakley Group, Inc. 205-918-0785; Hal Warren, Associate Partner, Hendricks & Partners 407- 256-9594; Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142
About Abbey Residential, LLC: Abbey Residential, LLC a privately held multifamily property owner headquartered in Birmingham, Ala., owns 8,000 units in Texas, Alabama, Georgia, Florida and South Carolina valued at over a half billion dollars. Abbey has been in business for over 26 years and is active in acquiring existing properties to be repositioned as well as the construction of new multifamily properties.
About Hendricks & Partners: Hendricks & Partners is the nation’s largest multifamily advisory and research firm. Since its inception, the firm has delivered the industry’s finest marketing and research platform by focusing exclusively on multifamily owners, multifamily properties, and the nation’s apartment markets. This focus allows the firm to create the most efficient apartments-only marketplace, as well as recruit expert advisors, research professionals and support staff to ensure that every innovation, from new marketing techniques to the collection of market data, achieves maximum value for apartment owners, investors, lenders and servicers.
About the Oakley Group:The Oakley Group, Inc. is a commercial real estate firm with a primary focus on multi-family brokerage and management services based in Birmingham, Alabama. With our unsurpassed local market knowledge and relationship network, The Oakley Group strives to provide quality service to both institutional and private investors. Our approach is simple; offer a realistic assessment of property value, provide quality management services to both residents and owners, and work through every detail with honesty and integrity. Because our primary focus is on multi-family we have the capability to deliver brokerage services seamlessly and efficiently by individualizing each client’s goals and objectives.
Tuesday, September 22, 2009
New River Township offers Pasco County Parks & Recreation Dept. a 90-Acre Tract for Regional Park
TAMPA, Fla. - New River Township has offered to give the Pasco County Parks & Recreation Dept. a 90-acre site adjacent to River Glen Blvd. at New River Township, located off S.R. 54 in Pasco County.
Ross Halle, vice president of New River Partners, LP, and town planner at New River Township, said the 90-acre parcel is an ideal location for a regional park.
New River Township is a master planned development that features a variety of retail and public facilities, schools and homes in a wide range of price levels.
For more information contact:
Ross Halle, Vice President / Town Planner, New River Partners/APG 407-658-6565
Eric Marks, Esq., Vice President Avalon Park Group, 407-658-6565
Beat Kahli, Founder /Owner Avalon Park Group 407-658-6565
Larry Vershel, Larry Vershel Communications 407-644-4142, Lvershelco@aol.com
Ross Halle, vice president of New River Partners, LP, and town planner at New River Township, said the 90-acre parcel is an ideal location for a regional park.
New River Township is a master planned development that features a variety of retail and public facilities, schools and homes in a wide range of price levels.
For more information contact:
Ross Halle, Vice President / Town Planner, New River Partners/APG 407-658-6565
Eric Marks, Esq., Vice President Avalon Park Group, 407-658-6565
Beat Kahli, Founder /Owner Avalon Park Group 407-658-6565
Larry Vershel, Larry Vershel Communications 407-644-4142, Lvershelco@aol.com
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