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The RADCO Cos. Pays $16 Million for Defoors Ferry West in Atlanta

Development Company Acquires 297-Unit Apartment Complex
By Efe Ovie-Ogodo
February 20, 2014 | 11:09 P.M.

The RADCO Cos., an Atlanta-based national real estate development company, purchased the 297-unit Defoors Ferry West multifamily complex in Atlanta for $16 million, or approximately $54,000 per unit. The 316,698-square-foot apartment community is situated on 28 acres at 2788 Defoors Ferry Rd. and consists of 47 two-bedroom units as well as two- and three-bedroom townhomes. It was built in 1962 in the Bolton submarket and was 99% occupied at the time of sale, excluding 10 down units currently being restored.

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