Menora Financial and DJ Acquisitions Acquire 1240 Units in Surging Memphis

Market

Memphis, TN, December 26, 2018 --(PR.com)-- Menora Financial Corp (www.menorafinancial.com)
and DJ Acquisitions LLC (www.djacquisitions.com) announced today the acquisition of 6 multi-family
apartment communities totaling 1240 units.

The $40 million dollar off-market deal is in the surging Memphis market. The transaction, from two
different sellers with financing from one lender on the whole group, was first viewed, contracted and
closed in under ninety days.

Menora Financial Corp (MFC) located In Skokie, IL has been investing in multi-family for 30 years as
well as having additional holdings in Health Care Facilities and various Hi-Tech companies. The
company has owned and managed more than 10,000 units.

DJ Acquisitions LLC, (DJ) headquartered out of Aventura Florida, will handle the day to day
management for the Joint venture. With a broad background in the residential multi-family ownership
sector, led by Jon Fridlender, DJ has successfully owned and managed over 4000 multi-family units and
produced over $195 million in transaction value.

MFC and DJ plan to focus on building a portfolio together of 5,000-10,000 units by acquiring
underperforming or value add properties in the Southeast and Midwest markets. The joint venture's
formula for success is in seeking out motivated sellers who want on-time closings and the avoidance of
last minute re-trading.

President of MFC, Shalom Menora comments: “We are excited to be partnering with DJ who share the
same values and philosophies and thus together we will be able to add maximum value through enhancing
the properties and excellence of management and service to our Residents.”

Founder of DJ Acquisitions, Jon Fridlender stated, “We are very excited to have been able to execute this
acquisition and expand into Tennessee. Menora Financial has a strong vision for the future of these
properties and we are elated to partner in ownership as well as provide superior management."

For more information, contact: Ms. Autumn May, acquisitions@djacquisitions.com or (786) 868-0454

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Contact Information:
DJ Acquisitions, LLC
Ms. Autumn May
786-868-0454
Contact via Email
www.djacquisitions.com

Online Version of Press Release:

You can read the online version of this press release at: https://www.pr.com/press-release/773002

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