Michaelson Real Estate Group, LLC and a Private Equity Investor Acquire Cortez Plaza Apartments in Bradenton, Florida

Michaelson Real Estate Group, LLC (“Michaelson”) and a private equity investor have acquired Cortez Plaza Apartments, an 84-unit multi-housing community, located at 4507 9th Street in Bradenton, Florida.

Built in 1974, Cortez Plaza features a mix of one and two-bedroom apartments in four different floor plans with an average size of 967 square feet. The community features fully equipped kitchens, walk-in closets, private patios/balconies, elevator access and hardwood laminate flooring in select units. On-site amenities include swimming pool with sun deck, clubhouse with media room and café, dog walk area and community laundry facility.

Located in Manatee County, an hour south of Tampa, Cortez Plaza is situated in Bradenton’s business district with easy access to US-301, US 41 and I-75. It is also located near numerous outdoor recreational opportunities including some of the best beaches in North America, boating, fishing and recreational trails. Cortez Plaza is also within walking distance to many shopping centers, boutiques and fine restaurants.

Michaelson’s current portfolio includes over 15,000 multifamily units in Florida, Tennessee and Texas. Michaelson has been focused on the Orlando and Tampa market in recent years, closing on 8 properties or approximately 2,600 units in the past twelve months.

About Michaelson

Michaelson Real Estate Group is an entrepreneurial driven, full service apartment management and investment firm that provides a diversified range of real estate services including: property management, leasing and marketing, and investment. Michaelson specializes in enhancing multifamily values by utilizing its core marketing, management and repositioning capabilities. The principal is a seasoned real estate executive and entrepreneur that has over 30 years
of experience in the multifamily market including the development, construction, property management and advisory of over 100,000 multifamily units.

For further information please contact:

Michaelson Real Estate Group

Michael Moses | mmoses@michaelsongroup.com

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