(Norcross, GA– December 2, 2020) – The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Ashford Indian Trail, a 467-unit apartment community located at 1100 Indian Trail Lilburn Road NW, in Norcross, GA. The property was sold to TruAmerica for $71,250,000.
The transaction marks the 69th successful multifamily property disposition for RADCO during this real estate cycle representing nearly $2.2 billion in sales. A CBRE team comprised of Shea Campbell, Colleen Hendrix, and Ashish Cholia brokered the sale.
“RADCO took an aging, problematic property and during the last three years turned it into a modern, vibrant, and safe community,” said Norman Radow, CEO of the RADCO Companies. “We sold the property to a quality company that we believe will do a wonderful job continuing to improve this community.”
The Ashford Indian Trail community is comprised of one, two, and three-bedroom floor plans, offering an open concept living, private patios and full-size washer dyer connections. The on-site recreational facilities at the property include a resort style pool with sun deck, picnic and BBQ areas, sand volleyball, playground, fitness center and a pet park. The property also offers high-speed internet access in units and a Luxer package system for secure deliveries.
The property is located just a few miles north of Atlanta in Norcross, GA with quick access to nearby I-85 and I-285. The area offers nearby fine dining and high-end shopping at The Forum and Sugarloaf Mills malls.
The RADCO Companies
RADCO was founded in 1994 with the mission of “Building Better Living.” Based in Atlanta, RADCO is a national real estate company that specializes in the acquisition and redevelopment of value-add multifamily investments across the Southeast and Central US. Over the past 10 years, the firm has acquired and invested in approximately 30,000 units in 15 markets. For more information, please visit https://www.radco.us.