Hendricks plans Miami expansion

Phoenix-based Hendricks & Partners, an apartment building
brokerage, will expand from Orlando into Miami, Tampa and Atlanta. It
opened its southeast regional office four months ago. It reports
posting exclusive property sale listings of apartment properties in
Central Florida valued at more than $180 million since July. Cole
Whitaker, principal and managing partner of Hendricks’ Orlando office,
says institutional investor owners, such as insurance companies and
pension funds, will be motivated by the economy to sell off
select properties in order to increase cash reserves. He says a Miami
office will open in the second half of next year.