Saturday, January 8, 2011

Hendricks & Partners Acquires Brokerage Firms in Birmingham and Baton Rouge to Launch Major Southeast Expansion


 PHOENIX, AZ - Hendricks & Partners, the Phoenix based firm that ranks as the nation’s largest multifamily advisory and research firm with offices in 37 U.S. cities, announced it has acquired apartment brokerage firms in Birmingham and Baton Rouge to begin a major expansion in the southeastern U.S.

Brent Long, president of Hendricks & Partners, said new acquisitions include The Oakley Group, the Birmingham real estate firm headed by veteran David Oakley (top right photo), and Cordaro Companies in Baton Rouge, headed by Gregory J. Cordaro (middle left photo).

“The Oakley Group and the Cordaro Companies rank as the most experienced and best-positioned multi-family specialists in their markets,” Long said.

“We are in dialogue with key apartment firms and senior apartment advisors in the region and have begun our expansion with two very strong groups,” Long said adding, we are also bringing our proprietary multifamily investment banking platform into the region which provides industry leading multifamily debt placement, structured finance, private equity and a full menu of apartment advisory services.”

In conjunction with Hendricks & Partners acquisition of the two firms in Birmingham and Baton Rouge, a new office is currently being opened in Jackson, Mississippi.

Cole Whitaker (lower right photo), who opened the Hendricks & Partners’ Southeast regional office in Orlando last year, said additional expansion markets include Georgia, the Carolinas, Tennessee, Kentucky and South Florida.

For more information,  contact:  

Brent Long, President, Hendricks & Partners 602-912-1624, blong@HPAPTS.com
Cole Whitaker, Southeast Partner, Hendricks & Partners 407-218-8880 cwhitaker@HPAPTS.com
Hal Warren, Associate Partner, Hendricks & Partners 407-218-8881 hwarren@HPAPTS.com
Larry Vershel or Beth Payan, Larry Vershel Communications 407-644-4142 lvershelco@aol.com
  

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