Wednesday, February 23, 2011

Hendricks & Partners Reports Sales of 3,302 Apartment Units in 2010

ORLANDO, FL--- 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 (top right photo), 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 (lower left photo) 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.

For more information, contact:  
Cole Whitaker, Southeast Partner, Hendricks & Partners 407-218-8880
Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881;
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142

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