HENDRICKS & PARTNERS CONTINUES ITS AGGRESSIVE NATIONAL EXPANSION WITH THE ACQUISITION OF CORDARO COMPANIES

JANUARY 4, 2011 - An aggressive national expansion at Hendricks & Partners continues with the acquisition of Cordaro Companies, based in Louisiana and Mississippi. As a result of this acquisition, veteran advisor Gregory J. Cordaro will add his regional expertise to Hendricks & Partners’ elite, national advisory network.

Founded by Gregory J. Cordaro, President and Managing Broker, Cordaro Companies primary focus is on multifamily brokerage services. The firm serves not only the Louisiana markets, but also other metropolitan areas throughout the Southeast including an office in Jackson, Mississippi, working with both institutional and private investors. He has over 25 years experience in brokerage, as well as the development and finance of investment real estate in the southern United States. Mr. Cordaro has been highly successful in multifamily brokerage with over $2 billion (25,000 units). Prior to the formation of Cordaro Companies, he was involved in the successful development of over 1,000,000 square feet of investment real estate and was on the acquisition team Archon-Goldman Sachs to acquire over $2 billion in real estate loans. Mr. Cordaro has been recognized by many organizations of real estate professionals as the top multifamily broker in Louisiana and Mississippi.

“Hendricks and Partners is The Nations Largest Sales, Research and Financing Apartment Investment Firm,” Cordaro said, adding that by working together will give my clients a full service multi-family platform from coast to coast. Don Hendricks added that this is a perfect fit with Cordaro Companies regional expertise and Hendricks and Partners national coverage.

“I was impressed by Hendricks and Partners Integrated Research Division, Cordaro said, and I am looking forward to working with the most experienced deal-oriented multi-family advisors in the industry (average age 52) that have sold more than $72 Billion of apartment sales.

“I am also super excited and looking forward to working as a Managing Director with our lending partner Wells Fargo (Nations Largest Apartment Lender) to finance existing apartments and future multi-family developments.” “In the multi-family industry relationships are most important and this move to Hendricks and Partners allows me to be more efficient and execute in a more stream lined process.”