ATLANTA—The RADCO Companies just grabbed its 17th multifamily deal in the Atlanta metropolitan area. RADCO picked up The Park at Briarcliff for $39.6 million.

Rebranded as Ashford Druid Hills, the 982-unit multifamily community, is the firm's 22nd residential purchase in less than two years. The multifamily acquisition increases RADCO's current multifamily portfolio to more than 5,500 units.

“We are intimately familiar with the Atlanta marketplace and have invested a significant amount of capital into the community,” says RADCO's founder and CEO, Norman J. Radow. “In fact, this marks our 17th deal in the Atlanta metropolitan area, our sixth deal in the I-85 Corridor and our third transaction in Dekalb County, which is enjoying an improving job market and has seen rental rates soar 8.6% for apartments like those of Ashford Druid Hills.”