CHICAGO, IL- The Shodeen Group recently announced that they had sold the 226-unit Brittany Court property in suburban Geneva to the Atlanta-based RADCO Companies. Yesterday, RADCO stated that the transaction was evidence of their continuing interest in the suburban Chicago market, and that the firm was “is in contract to acquire an additional Chicago suburban apartment community.”
The firm has raised $38 million in private equity to fuel more acquisitions. “We continue to raise equity,” said Norman Radow, president and CEO of RADCO, in a prepared statement, “and expect about $20 million more in the coming few months.”
The company will change the name of Brittany Court to Ashford at Geneva.
Continue Reading for Free
Register and gain access to:
- Breaking commercial real estate news and analysis, on-site and via our newsletters and custom alerts
- Educational webcasts, white papers, and ebooks from industry thought leaders
- Critical coverage of the property casualty insurance and financial advisory markets on our other ALM sites, PropertyCasualty360 and ThinkAdvisor
Already have an account? Sign In Now
© 2024 ALM Global, LLC, All Rights Reserved. Request academic re-use from www.copyright.com. All other uses, submit a request to [email protected]. For more information visit Asset & Logo Licensing.