LAKEWOOD, CO—Reznick Capital Markets Securities, LLC has assumed a new role as exclusive placement agent on behalf of The RADCO Companies in their recent $95 million acquisition of Parc Belmar in Lakewood, CO. The RCMS team of Michael Hartman and Alex Lacher arranged a $13.5 million preferred equity investment from Related Fund Management of New York in the acquisition, which closed on June 20.

Based in Atlanta, The RADCO Companies is one of the nation's leading real estate opportunity development companies. With its purchase of Parc Belmar, the firm continues its turn-around strategy of acquiring and repositioning multifamily properties.

“The newly rebranded Ashford Belmar is the largest transaction that RADCO has completed in this cycle,” said Norman Radow, CEO of The RADCO Companies. “Because of the size of this transaction, we were able to rely on Reznick Capital Markets Securities for its strategic direction and for introducing us to the perfect group to provide the preferred equity for the property. This is the first equity structure of its kind to be completed in the United States, and we were pleased that Reznick Capital Markets Securities helped us in solidifying that title.”