RADCO Grabs Seven GA Multifamily Assets

ATLANTA—RADCO is staying busy in the multifamily acquisition front. The turnaround specialist recently inked seven deals in a two-week period. The news bring RADCO’s multifamily portfolio total up to 3,000 units—and more properties are expected to close soon. The transactions were financed through bridge debt from several lenders and $15.2 million in equity raised over the past 30 days—all from private sources.  

RADCO’s latest buys include the 132-unit Audubon Town & Country in Fairburn, GA; Audubon Brook, a 94-unit property in Conyers, GA; the 98-unit Audubon Way, which is located next to the Gwinnett County Medical Center in Lawrenceville, GA; adjoining apartment complexes Bella Villas and Wyntree in Doraville, GA; the 104-unit Meadowbrook Manor in Lilburn, GA; and Park Lake, a 328-unit community in Norcross; GA. The Pavilion at Decatur, which consists of 144 units near Emory University in Decatur, GA, should close shortly.