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Investor Focused on Overlooked Markets Refinances South Dakota Apartments

Loans Totaling $80 Million Reset Capital Stack for Tzadik Management's 1,100 Units in Sioux Falls
The 48-unit North Cleveland Apartments in Sioux Falls, South Dakota, is among the 22 properties refinanced by Tzadik Management. It opened in 1993 and is ripe for renovations. (CoStar)
The 48-unit North Cleveland Apartments in Sioux Falls, South Dakota, is among the 22 properties refinanced by Tzadik Management. It opened in 1993 and is ripe for renovations. (CoStar)
By John Doherty
CoStar News
May 28, 2020 | 9:32 P.M.

A Miami investment firm that’s been betting on smaller, overlooked U.S. markets, landed an $80 million refinancing for 22 apartment properties it owns in South Dakota.

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