Radius Sandy Springs sits in the Perimeter Center Economic Corridor of Sandy Springs. The area is home to over 100,000 jobs, including the State Farm and Mercedes Benz headquarters, and nearly 6 million square feet of retail space. Georgia State Route 400 and the North Springs Metropolitan Atlanta Rapid Transit Authority (MARTA) Station can both be reached in five minutes or less from the multifamily property.

Radius Sandy Springs was built in 1980 and sits on 53.3 acres in the Sandy Springs submarket of Atlanta. The multifamily property consists of 60 three-story buildings with Hardiplank and vinyl siding. Multifamily community amenities include a multipurpose leasing office and clubhouse, fitness center, dog park, lighted tennis court, pool with a sundeck, and grill stations throughout the property.

In addition to this buy, RADCO recently bet $56 million on a rising Atlanta submarket. Competition is rising in non-core markets.

Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1, 2017 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.

ATLANTA—RADCO just closed its 14^th multifamily acquisition of 2016. The opportunistic real estate developer snapped up Legends of Dunwoody in Atlanta for $60 million.

The 532-unit, class B-minus multifamily property was renamed Radius Sandy Springs. RADCO Residential will manage the asset. Radius Sandy Springs is RADCO's 66th acquisition since 2011 and its second multifamily community under its new Radius brand.

“I am thrilled to end the year with a bang. Radius Sandy Springs is our largest transaction of the year,” Noman Radow, founder and CEO of RADCO, tells GlobeSt.com. “It is in a location exploding with new jobs. The community has an amazing 53-acre campus, and we are implementing the largest capex plan RADCO has undertaken in 2016, which affords us the opportunity to paint a masterpiece on the blank canvas that was Legends of Dunwoody.”

RADCO plans to spend at least $8.7 million on capital improvements to modernize the multifamily community, update units, and reset its economic clock. RADCO financed the acquisition using a $50.4 million Freddie Mac loan and $21.6 million in private capital.

Radius Sandy Springs sits in the Perimeter Center Economic Corridor of Sandy Springs. The area is home to over 100,000 jobs, including the State Farm and Mercedes Benz headquarters, and nearly 6 million square feet of retail space. Georgia State Route 400 and the North Springs Metropolitan Atlanta Rapid Transit Authority (MARTA) Station can both be reached in five minutes or less from the multifamily property.

Radius Sandy Springs was built in 1980 and sits on 53.3 acres in the Sandy Springs submarket of Atlanta. The multifamily property consists of 60 three-story buildings with Hardiplank and vinyl siding. Multifamily community amenities include a multipurpose leasing office and clubhouse, fitness center, dog park, lighted tennis court, pool with a sundeck, and grill stations throughout the property.

In addition to this buy, RADCO recently bet $56 million on a rising Atlanta submarket. Competition is rising in non-core markets.

Several economic factors have resulted in net positives for the multifamily sector and prices in core markets are at an all-time high. But just how long can the market continue on this trajectory? Join us at RealShare Apartments East on Feb. 28 and March 1, 2017 for insights on succeeding in the right markets as well as navigating and finding opportunities in the more challenging ones. Learn more.