ORLANDO, FL - Cardone Real Estate Acquisitions recently acquired 1,434 units that are all located in Southeastern United States including Daphne, AL, Savannah, GA and Nashville, TN. The Daphne community consists of 344 units at a cost of $34M, Savannah consists of 264 units at a cost of $29M and Nashville consists of 826 units at a cost of $63M.
Travis Presnell, a capital markets salesperson at Cushman & Wakefield, had this to say about the recent Daphne, AL transaction he worked with Cardone on, "The Cardone Acquisitions team was able to work effectively through this complex transaction to get the deal over the finish line. His team responded quickly and worked diligently through the holidays to complete the transaction and we look forward to working with Grant Cardone and his team in the future.”
Grant Cardone himself says, “I will go anywhere there are value-add opportunities in cash flow producing multi-family properties, where there exist some barriers to entry.”
Cardone Real Estate Acquisitions, LLC, founded in 1995, is a multi-family real estate acquisition firm, which currently owns over 3,400 units across the USA and plans to expand to 5,000 units by the end of 2015. Cardone has acquired properties in San Diego, Tucson, Austin, Houston, Charlotte, Savannah, Daphne, Orlando, Tampa, and Miami. He has worked with real estate giants CBRE, Cushman Wakefield, and Berkshire’s Berkadia in locating and acquiring properties while utilizing Wells Fargo, Northern Trust and PNC for debt.
Source: Cardone Real Estate Acquisitions / #Apartments #Multifamily