“We will continue to target market opportunities based on our four primary strategies that I mentioned above,” Radow says. “We specialize in turning around 'diamonds in the rough,' which means there must be a mark-to-market opportunity, a value-add component, and these properties must be located in areas where fundamentals are improving and changing. Basically, this all boils down to identifying undervalued B and C class assets in class A locations throughout the Orlando area that we believe we can turn into community improving success stories.”

ORLANDO—RADCO Companies just made its first multifamily purchase in the Orlando MSA. RADCO CEO Norman Radow tells GlobeSt.com his firm will keep looking for value-added investments in the area.

When I specifically asked him how active RADCO will be in targeting more acquisition opportunities over the next 12 to 24 months, he didn't give me a number. But he did give me a telling answer.

“My mother actually lives near Lake Mary, so let's try to keep this between us so I won't be guilted into visiting every week,” Radow joked. “But there is no question that Orlando boasts one of the strongest real estate and job markets in the nation. Even more so, the pendulum doesn't stop swinging at six o'clock. We fully expect Orlando will continue to present value-added, multifamily real estate opportunities for years to come, and we plan to be major players in the marketplace.”

RADCO is looking for specific attributes for future multifamily acquisitions in the Orlando region. Although we don't know how big Radow's appetite is, he did share the age range of properties and submarkets he prefers.

“We will continue to target market opportunities based on our four primary strategies that I mentioned above,” Radow says. “We specialize in turning around 'diamonds in the rough,' which means there must be a mark-to-market opportunity, a value-add component, and these properties must be located in areas where fundamentals are improving and changing. Basically, this all boils down to identifying undervalued B and C class assets in class A locations throughout the Orlando area that we believe we can turn into community improving success stories.”