MEMPHIS AND CLEVELAND, TENN. — Hendricks & Partners has brokered the sale of two affordable housing communities located in Tennessee for a total of $5.45 million. In Memphis, Pendelton Place, a 120-unit community located at 1780 Pendelton St. in Memphis, was sold for $2.85 million. In Cleveland, Horizon Square, a 92-unit community located at 2324 Georgetown Rd., was sold for $2.6 million. The buyer, Sherman Oaks, Calif.-based GH Capital, plans to complete substantial capital improvements at both properties. Eric Taylor and Mark Rohr of the Detroit office of Hendricks represented the buyer, as well as the sellers, Pendelton Place Associates and Horizon Square Associates.