Ashford 75

Ashford 75, formerly known as Mission Galleria, represented an opportunity for RADCO to turn around a prime piece of real estate in a transformational location. The property sat on 27 acres directly adjacent to what is now the new Atlanta Braves Stadium and The Battery, a live-work-play destination surrounding the ballpark. Prior to becoming the new home of the 2021 World Series Champions, the land adjacent to Ashford 75 was forest and home to a large homeless population. Formerly owned by a TIC, or tenancy-in-common (a notoriously cumbersome partnership structure), the property had fallen into extreme disrepair with absentee management. In fact, in the City of Smyrna, 90 percent of the crime reported in the city either occurred in or originated in the property prior to RADCO’s ownership. After closing, RADCO immediately moved to clean out the tenancy of bad actors while investing more than $12 million in deferred maintenance repairs, community improvements, and unit renovations. During RADCO’s six-year ownership period, the property transitioned from a crime ridden, dilapidated eyesore for the community to a prime example of affordable, safe housing benefitting the greater community.

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