October 02, 2014 11:33 AM ET

Real Estate Management and Development

Company Overview of RADCO Development LLC

Company Overview

RADCO Development LLC invests, acquires, and develops real estate properties in the United States. Its development services include asset management, receivership, sales and marketing, property management, construction management, HOA management and board representation, litigation management and dispute resolution, and arms length protection for ownership. The company also acquires and develops distressed residential communities. RADCO Development LLC was founded in 1994 and is based in Atlanta, Georgia.

400 Galleria Parkway, SE

Suite 400

Atlanta, GA 30339

United States

Founded in 1994

Phone:

770-272-9330

Fax:

770-272-9373

Key Executives for RADCO Development LLC

Founder and Chief Executive Officer
Chief Financial Officer
Chief Operating Officer and Principal
Managing Director
Age: 43
Executive Vice President and Principal
Compensation as of Fiscal Year 2014.

RADCO Development LLC Key Developments

The RADCO Companies Acquires Parc Belmar in Metro Denver for $95.33 Million

The RADCO Companies has purchased Parc Belmar in Lakewood, a close-in southwestern suburb of Denver. RADCO acquired the 512-unit apartment community for $95.33 million from a local developer. Moran & Co. brokered the transaction. It was RADCO's first acquisition in Colorado. RADCO financed the purchase through a mixture of Freddie Mac debt, preferred equity from The Related Companies, and its own privately funded equity. The 33-building Parc Belmar is situated on 26.3 acres in the city's Belmar submarket. The community offers one-, two- and three-bedroom floor plans that average 1,201 square feet. RADCO plans to reposition the property by undertaking a $1.2 million renovation of the 27,000-square-foot clubhouse and leasing center, and upgrading the unit interiors with high-end finishes. The company will rebrand the property as Ashford Belmar to coincide with the company's brand identity and its new ownership. The community features one of the best amenity packages in all of Denver. The most impressive of which is the property's 27,000-square-foot clubhouse, which contains an indoor, Olympic-sized swimming pool. It includes additional amenities such as an expansive fitness center with yoga/Zumba, weight and cardio rooms, all of which overlook a pristine lake, where trainers and a masseuse are available by appointment. Parc Belmar also features a steam and sauna room, oversized theatre room, business center, dog spa and golf simulation facility. Each unit includes washer/dryer connections, fireplaces, open kitchens, generous bathrooms, high ceilings and many units have private garages. In addition to the property's impressive amenity package, it also boasts an advantageous location. Parc Belmar is adjacent to the Downtown Belmar district, a 22-block retail and entertainment destination. The mixed-use project includes more than 80 shops and restaurants, 1,700 residential units, 1 million square feet of office space and multiple parks. The apartment community is just two miles from the Lakewood/Wadsworth Light Rail Station stop, which opened last year.

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Recent Private Companies Transactions

Type
Date
Target
Merger/Acquisition
August 14, 2014
Keeneland Farms and Brown Ridge
Merger/Acquisition
August 14, 2014
Property in Denver
Merger/Acquisition
August 8, 2014
180-Unit Country Club and 136-Unit Cobblestone Apartment Communities in Anderson
 

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