ORLANDO—Lakes of Palm Harbor has traded. RADCO picked up its 13^th acquisition of the year for $33.5 million. With this acquisition, RADCO now owns 14,250 multifamily units in eight states in the Southeast and Central US.

RADCO financed the acquisition of this 292-unit, class B multifamily property using private capital and financing from Fannie Mae. Since August 2011, the company has raised $350 million of private capital to fund its purchases. ARA represented RADCO in the deal.

"The Tampa Bay Metropolitan Area has a diverse and robust economy with substantial opportunities for business and population growth, yet most availability has already been developed creating a barrier to entry," Norman Radow, founder and CEO of RADCO, tells GlobeSt.com. "We have been very active in the Tampa market. Lakes of Palm Harbor is our third acquisition in the market this year alone, and it is a valuable property that allows us to gain access to an excellent school district."