RADCO Divests from 228-Unit MF Community in Clearwater
The RADCO Cos. have sold City Park Clearwater, a 228-unit multifamily apartment community in Clearwater. The sales price was not disclosed. The transaction marks the sixth property sale for RADCO during this real estate cycle.
The pet-friendly community features a mix of one- two- and three-bedroom apartments with open floorplans, oversized living areas and chef inspired kitchens. Amenities include a pool, putting greens, pet parks and multiple playgrounds. The community is located near the intersection of Highway 19 and SR-60 and provides easy access to Tampa Bay and Clearwater Beach.
Patrick Dufour, Ryan Crowley, Andrew Visnick and Pibu Aulakh of Newmark represented RADCO in the transaction. Additionally, Matt Greer and Andrew Wilson of Newmark’s Debt & Structured Finance group arranged acquisition financing for the buyer, Greystar.
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.