ATLANTA-RADCO is returning to its real estate investment roots with the acquisition of two multifamily properties. RADCO is best known as a real estate turn around consultant, but the company is turning its attention to making investments of its own.

RADCO snapped up Somerpoint, a 144-unit development on Austell Road in Cobb County just north of Atlanta. An underperforming boutique property, Somerpoint has been in receivership since December 2010 on behalf of a special servicer. RADCO also bought Flynt Ridge, a 77 two-bedroom townhome asset, in Griffin, 30 minutes south of Atlanta’s airport. RADCO plans to increase occupancy and rents through hands-on asset management, upgrades and repositioning the properties.

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