RADCO’s investment approach targets challenging assets through a combination of four primary strategies.
We use accretive capital to acquire multifamily properties that have a compelling story and showcase a mix of value-added and mark-to-market opportunities. Once under our management, we leverage our vertically integrated platform to optimize asset performance and create value for both our investors and residents.
Newly Acquired Property
Tampa, FL | Acquired July 2016 | 1984 Vintage | 372 Units
The seller had initially selected a different buyer with a higher purchase price. However, after two weeks of failed contract negotiations, the seller cut ties with the first buyer and asked RADCO to step in. Although our purchase price was lower, the seller was confident in RADCO’s ability to act quickly and transact under our original contract terms.
ASHFORD DRUID HILLS
Atlanta, GA | Acquired September 2013 | 1965/1966 Vintage | 982 Units
The property had 41 years remaining on a ground lease and required extensive capital. Thus, the property did not meet the investment criteria of larger, national, institutional players who would normally bid on this asset. Moreover, because of its size, only the largest regional players could realistically participate in the sales process. RADCO was not the highest bidder, yet was awarded the deal because of our reputation for closing.
Atlanta, GA | Acquired February 2014 | 1962 Vintage | 297 Units
After a 36-month hold, a refinance allowed RADCO to pay off the existing indenture and closing costs, recapitalize the deal to continue capital improvements, and provide a special distribution to investors of 90.3% of original equity.