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Atlanta & Southeast  + Southeast  + Apartments  |  September 30, 2020
David Cohen
By: David Cohen

Chattanooga Apartment Complex Trades for $32M

Real estate developer, owner and operator RADCO has sold Radius Mountain Creek, a 296-unit apartment complex in Chattanooga. The sales price was $32 million. The buyer was a real estate fund managed by Covenant Capital Group. CBRE brokered the transaction.

Located at 936 Mountain Creek Road, the apartment complex blends modern living with vintage charm. Community amenities include a stone grilling station and outdoor fireplace adjacent to the pool and sundeck as well as a pet park, tennis courts, fitness center and playground. The property also features views of Signal Mountain.

“Radius Mountain Creek was one of the most exciting community transformations RADCO has undertaken,” said Norman Radow, CEO at RADCO. “It earned us a great local reputation as we wiped away nearly 50 years of bad architecture and created a modern clean look, with state-of-the-art amenities on an absolutely beautiful campus.”

For comments, questions or concerns, please contact David Cohen

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About David Cohen

David Cohen is Southeast Editorial Director at Connect Commercial Real Estate. David is a media veteran with more than 10 years of experience in journalism, copywriting and communications across a variety of roles. He is responsible for covering commercial real estate news and trends in the Southeast, Florida, Washington D.C. and Boston at Connect CRE as well as specializing in the Student Housing sector. Prior to joining Connect, David was the editor of Northeast Real Estate Business magazine and Student Housing Business magazine at France Media as well as spending time freelancing for ESPN and the Associated Press in the fast-paced field of live sports event production. He is also an owner and investor in multifamily real estate in Atlanta, GA. David currently resides in Atlanta and graduated from the College of Communication & Information at the University of Tennessee Knoxville.
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