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February 06, 2016 7:03 AM ET

Real Estate Management and Development

Company Overview of RADCO Development LLC

Company Overview

RADCO Development LLC operates as a real estate developer. The company offers development services in the areas of asset management, receivership, sale and marketing, property management, construction management, homeowner’s association management and board representation, litigation management and dispute resolution, and arm’s length protection aspects. It acquires and develops apartment homes and multifamily properties for residents in North America. The company was founded in 1994 and is based in Atlanta, Georgia.

400 Galleria Parkway, South East

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 Partner
Managing Director
Age: 44
Executive Vice President and Principal
Compensation as of Fiscal Year 2015.

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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