Friedman Real Estate Facilitates Over Half Billion Dollar Multi-Family Portfolio Deal
Farmington Hills, MI – (June 24, 2019) Friedman Real Estate, one of the nation’s leading providers of commercial real estate services, facilitated the sale of a 43 community, 8,810-apartment home portfolio with a transaction value over half a billion dollars. As of today, the transaction is considered one of the top five largest multi-family deals in the country for 2019. Friedman Real Estate’s Multi-Family property management has been awarded the asset and property management of the portfolio, expanding their multi-family footprint to over 19,000 apartment homes.
With the help of over 100 employees located all over the U.S., Friedman inspected and underwrote the portfolio located in 10 different states and 30 separate submarkets in less than 30 days. Fifteen dedicated transition teams were mobilized to onboard each property within 48 hours of closing.
“For more than 30 years, Friedman has had a unique ability to create incredible opportunities for our clients. By tying together our expertise in brokerage, marketing, financing, property management, and construction, we are able to execute and deliver at every phase to ensure a successful outcome”, said Jared Friedman, Director of Opportunities at Friedman. “This was an amazing opportunity for us to showcase the ability of our integrated platform. We look forward to creating value for the owner, and to making The Friedman Difference for the residents of these communities”.
About Friedman Real Estate
As one of the largest privately-held full-service commercial real estate organizations in the nation, Friedman Real Estate provides clients with a single point of contact for the full range of Advisory, Property Management, Multi-Family, Brokerage and Construction services that it offers.
Friedman manages more than 140 commercial properties encompassing more than 16M SF and more than 22,000 apartment homes throughout the United States. Friedman’s brokerage team has over 800 current listings with $10 billion in closed transactions. As owners and managers of commercial property for 30 years, Friedman understands what it takes to achieve results that maximize their clients’ objectives. Additional information is available at www.friedmanrealestate.com and on LinkedIn, Facebook, Instagram, YouTube and Twitter.