(ATLANTA, GA – Nov 9, 2020) – The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announces the sale of Radius Cheshire Bridge, a 318-unit multifamily apartment community in Atlanta, GA, to Greystar. The purchase price was not disclosed. This transaction marks the 67th successful property sale for RADCO during this real estate cycle with total sales of just over $2.1 billion. CBRE brokered the sale.
RADCO recently completed a multi-million-dollar renovation project at Radius Cheshire Bridge resulting in world-class amenities and luxury apartment finishes. The pet-friendly community features a mix of one- two- and three-bedroom apartments with open floorplans, built in bookshelves and oversized walk-in closets. Radius Cheshire Bridge offers huge menu of amenities that include a fitness center with a cycle studio and climbing wall, a saltwater pool with extended deck featuring lounges and cabanas, as well as an outdoor pet park.
“We are so proud of what we accomplished at Radius Cheshire Bridge,” said Norman Radow, CEO of The RADCO Companies. “We repositioned the property, reimagined and created the best amenities in the marketplace, and reset the property’s economic clock so it could compete with brand new communities in the area.”
Radius Cheshire Bridge is conveniently located near the I-85 and provides easy access to Buckhead and Midtown Atlanta. The property is near a variety of dining, entertainment and recreational activities.
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.