RADCO’s investment approach targets challenging assets through a combination of four primary strategies.
We seek cash-flowing properties in excellent locations and use attractive debt to acquire them.
We identify properties with a compelling acquisition story, which often enables us to make our purchase below market.
Value – Add
We strive to acquire deals with value-add potential that can be unlocked through our robust capital expenditure programs and in-house construction department.
Mark – to – Market
We take properties with below-market rents and “mark” them to the market rents of their competitive set through improved management, marketing, and branding initiatives.
The RADCO Portfolio
RADCO’s geographic footprint is strategically focused in target markets that showcase future job growth potential, advantageous supply/demand balances, and opportunities to leverage the Company’s established operating platform.
The M by Radius
Multifamily with Ground Level Retail
The M by Radius, formerly known as Skyhouse Midtown, was a strategic acquisition by RADCO to purchase a quality asset in one of the best locations in Atlanta at a basis well-below today’s replacement costs. As one of the first high-rise, purpose-built apartment communities developed after the Great Recession, the community is extremely well-built but has some dated unit finishes and amenities. Midtown Atlanta continues to attract new businesses and tech companies including Google, and The M by Radius is directly in the path of that growth. RADCO plans to modernize the amenities – including a rooftop pool deck and grilling area with sweeping views of the city, renovate roughly half of the unit interiors, upgrade the corridors, and enhance lighting for safety. Additionally, RADCO will lease the two empty retail bays with tenants accretive to the lifestyle for residents of the apartment community.
Crossings at Eagle’s Landing
Radius West Midtown
In 2019, RADCO began focusing on quality asset purchases in improving locations. Radius West Midtown was purchased at an attractive basis as it was just completing its lease up. RADCO recognized the growth between the West Midtown and Midtown areas of Atlanta would eventually converge on Radius West Midtown’s location, and RADCO’s long-term business plan is expected to capitalize upon this growth. RADCO financed this asset with long-term, fixed rate debt and reserved ample capital to maintain and improve the community throughout its hold period.
Restore at Carolina Park
Active Adult Multifamily Ground Up Development Preferred Equity Investment and Joint Venture Equity Investment
Restore at Carolina Park is a unique ground up development in partnership with The Berry Companies in Mount Pleasant, South Carolina. Just across the bridge from downtown Charleston, Mount Pleasant is an affluent suburb with strict rules about new apartment construction. Through a strategic partnership with David Weekly Homes and a local ALMC developer, The Berry Companies was able to take advantage of the ALMC zoning to receive approval to build 255 “active adult” apartment units as part of the master-planned site. This high-end community provides amenities like a pickleball court, community garden, accessible pool, and resident services coordinator.
The Doubletree Roswell
The Doubletree Hotel by Hilton in Roswell was RADCO’s first re-entry in to the hospitality sector since the early 2000s. RADCO was afforded an opportunity to purchase this incredibly well-located asset in a market with limited supply of full-service hotels for an irreplaceable basis. RADCO plans to invest $7 million to renovate the guest rooms, enhance the interior corridors and lighting, upgrade the elevators, elevate the conference and meeting space, and improve the bar / lobby area. RADCO also purchased another Doubletree Hotel just up the road in Alpharetta and now leverages the two assets together to share staffing and marketing efficiencies.
The American Hotel
Hotel with Ground Level Retail
When RADCO first began buying hotels in 2021, the firm’s strategy was to target value-add, full-service hotels in urban locations likely under the most pressure following the COVID-19 pandemic and global shutdown. RADCO ‘s investment thesis looked for quality real estate with unique stories that could withstand additional volatility – particularly related to COVID-19. The American Hotel provided RADCO with exactly that opportunity. The American has a long a rich history, including that it was the first purpose-built hotel to be fully integrated in the City of Atlanta. The Hotel was famous in its heyday among celebrities and political leaders like MLK, Jr., but the glamour of the hotel was lost throughout its history. Additionally, there are limitations on the hotel’s current Doubleetree brand. RADCO plans to invest $8 million and up-flag the hotel to a Tapestry, Hilton’s luxury brand, using the hotel’s unique and important history to drive the design aesthetic and business plan.