(Savethe date: RealShareApartments comes to theWestin Bonaventure, Los Angeles, October24.)
ATLANTA—RADCO just snapped up a 402-unitmultifamily portfolio in Georgia. Theturnaround specialist was no stranger to themultifamily assets. RADCO was the asset managerfor the apartment properties on behalf of an equity fund for fiveyears.
The properties include the 112-unit Ashford Place Apartments inGriffin, GA; Briar Creek Apartments, a 160-unit complex in Conyers,GA; and the 130-unit Sierra Place Apartments in Atlanta. RADCOsnapped up the multifamily portfolio for $13.7million. The transaction included the multifamily acquisition ofthe equity and a restructure of the existing debt.
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