ATLANTA—RADCO Companies is continuing itsopportunistic push on the Atlanta multifamilyscene. The company just acquired three multifamilyassets in the Atlanta area spanning 1,091 units in three separatedeals.
RADCO snapped up Mission Galleria in Smyrna, GA, Gwinnett Placein Lawrenceville, GA, and Parkside at East Atlanta for about $70million. When you add the mutlfamily firm'sproposed value-add strategy to the mix, the total capital stack onthe buys exceeds $85 million.
“These acquisitions bring our deal flow to 13 new propertiesthis year alone, and comprise over 3,600 units,” saysNorman Radow, founder and CEO of RADCO. “Withthese three properties, seven of our acquisitions this year were inour home town of Atlanta.”
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
*May exclude premium content
Already have an account?
Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.
