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| 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.
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| 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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