The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced their RADCO Residential management services platform is now managing over 5,200 residential apartments, comprised of properties for third-party owners as well as multiple assets within RADCO’s own portfolio.
Led by COO Mike Brewer , RADCO Residential manages its own and client multifamily properties throughout the entire asset lifecycle including due diligence, acquisition, capital improvements, marketing, value enhancement and final disposition.
The unit count includes approximately 3,800 third party apartments currently under management, and RADCO Residential also oversees another 1,400 apartments in properties owned by RADCO.
Current apartments managed by RADCO Residential are spread throughout four major U.S. markets with the majority based in the greater metro Atlanta region and the rest located in the Raleigh , St. Petersburg , and Virginia Beach markets. RADCO Residential also has the capability of expanding its property management services to other markets based on both the needs of clients and as the platform identifies new growth areas.
“Owners need a dependable property management resource to take meticulous care of their assets, as well as the people who live in them, and RADCO Residential is pleased to serve in that role,” said Brewer. “The response to our platform from third party investors and asset managers we have partnered with has been exceptional. We have a proven track record with performance results that speak for themselves, and look forward to continuing this rapid expansion.”
The RADCO Companies has acquired, invested in, and operated over 30,000 multifamily units across 15 markets during the last decade. Initially, external management companies were employed to oversee daily operations of its portfolio, but it became clear that standardized management was an ineffective approach. RADCO Residential was formed as the solution, and…
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