Thursday, January 3, 2013

The RADCO Companies Purchases Seven Georgia-Based Multifamily Properties In Two Weeks


Norman Radow

 ATLANTA, Jan. 2, 2013 /PRNewswire/ -- The RADCO Companies, the nation's leading real estate turnaround specialist, has now returned in earnest as one of the foremost investors in the Atlanta multifamily market.

 In the past two weeks, RADCO has completed seven closings, increasing its portfolio to 3,000 units, with more properties under contract and expected to close soon. The announcement was made by Norman Radow, President and CEO of The RADCO Companies.


The latest properties 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 (which consists of 63 townhomes) and Wyntree (a 164-unit traditional apartment-style community) both in Doraville, GA.

Also:  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.

Meadowbrook Manor, Liburn, GA
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.

For a complete copy of the company’s news release, please contact:

Roxanne Donovan

Eric Gerard - egerard@greatink.com

Alyson Grala - alyson@greatink.com
Great Ink Communications - tel. 212-741-2977

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