Novo Nordisk Eyes Turnaround as Oral Wegovy Challenges Eli Lilly in Weight-Loss Drug Race 
Meta Cuts Wipro Outsourcing by 25% After AI-Led Restructuring 
Amazon Q2 Earnings Beat Estimates as AWS AI Growth Surges, But Q3 Revenue Forecast Disappoints 
Warner Bros. Discovery Shares Rise as Newsom Pushes Settlement in $110 Billion Merger Fight 
Tesla Weighs China Business Separation Amid SpaceX Merger Speculation 
Chery Invests $75 Million in KG Mobility to Expand Global Automotive Partnership 
Capital One Says AML Review Led to Closure of Trump Organization Accounts 
World game at war: why some European nations have threatened a World Cup boycott 
Toyota First-Half Global Sales and Production Decline on Weak China Demand, RAV4 Transition 
WestJet Cancels 86 Flights as CUPE Strike Threat Disrupts Travel 
Same sparkle, different story: how lab-grown diamonds are transforming the market 
Japan Earthquake Disrupts Auto and Chip Supply Chains 
AstraZeneca, Bristol Myers Squibb Explore Mega Merger Worth Nearly $400 Billion 
Apple Q3 Earnings Beat as Record iPhone Sales Offset Services, China Weakness 
Sony Raises Full-Year Outlook After Q1 Profit Jumps 40% on Gaming and Chip Growth 
Sony Eyes $1.3 Billion Tamron Acquisition as Lens Maker Reviews Offer 
Meta-backed research finds exposure to ‘untrustworthy’ social media is rare. The fine print is less reassuring 
ATLANTA, April 12, 2018 -- Tzadik Management announced Monday the acquisition of six off market, direct to seller, multi-family apartment communities in the state of Georgia. This acquisition totals 1,010 units that span between Houston, Dougherty and Clayton Counties. This marks yet another group of properties Tzadik has acquired outside the state of the Florida.
A groundbreaking acquisition for Tzadik Management, they now own and manage 27 communities throughout the Southeastern United States. “We are very excited to have been able to execute this acquisition. We have been looking to break back into the Georgia market for some time and we really felt this was the best opportunity to make it happen” said Founder and CEO, Adam Hendry.
Alexander Kaushansky, Vice President, Originations at Arbor Realty Trust, Inc., helped arrange acquisition financing for the portfolio. "It was a pleasure assisting on this sizeable reentry into the Georgia market," Kaushansky said. "Tzadik has a strong vision for the future of these properties, and Arbor was able to support that vision with customized bridge financing combining excellent loan terms, speed and certainty of execution."
Closing at just over $36 million, this deal is their largest acquisition since 2016 when they acquired 1,244 units across Orlando and Daytona Beach. This expansion is a trend the company is looking to continue. “We felt that this deal fit in line with our 5 year strategy of acquiring assets in secondary and tertiary markets to get us to 100,000 units” said Chief Investment Officer, Alex Arguelles. Tzadik has become one of the fastest growing Management companies in the Southeast over the past several years.
Tzadik is a fast growing, innovative, and driven real estate and property management company based in Miami, Florida. Since its formation in 2007, Tzadik has managed over $700 million in apartment complexes and over 11,000 units in over 20 states as well as the Caribbean. Through excellent management, a focus on company culture, and a tech driven style of operating, Tzadik management has established a reputation for building lasting relationships.
Tyler Thrift
Office: (954) 332-9992
Fax: (954) 212-9234
[email protected]
