ATLANTA—RADCO Companies has snapped two Atlanta multifamily assets in the past week. The firm acquired Morningside Apartments, a 306-unit multifamily property in the close-in northeastern Atlanta suburb of Doraville, GA for $13.55 million on the heels of grabbing the 255-unit Ashford Ridenour (formerly known as Estates at Ridenour) last week for $35.3 million.

RADCO financed the acquisition of Morningside Apartments with private capital and financing from First Tennessee Bank. Since August 2011, the company has raised over $245 million of private capital to fund its purchases.

“Morningside is a quintessential value-added opportunity in a particularly important submarket that we know well,” says Norman Radow, founder and CEO of RADCO. “It has been neglected, but it has good bones, modern layouts, and is in a great location. We will make this property something special.”