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RADCO Buys Covington Court

CHICAGO—The company has snapped up 19 major purchases in the past year, including several in the Fox River Valley.

By Brian J. Rogal | Updated on June 18, 2013

CHICAGO—Property values in the Fox River Valley towns west of Chicago have been driven up by the area’s high occupancies and rising rents. Some companies have moved in to take advantage of the improving conditions. RADCO Companies of Atlanta, for example, recently closed its 19th real estate purchase in the past 12 months with the acquisition of Covington Court in west suburban St. Charles. The 208-unit multifamily property, currently 94.7 percent occupied, was purchased by RADCO for $19.25 million. RADCO will rebrand the community as Ashford St. Charles.

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