Radco Cos. Acquires The Newport Villas Apartments in Tampa
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The Radco Cos. completed its sixth acquisition of 2016 with the closing of The Newport Villas Apartments in Tampa, Florida. The property, renamed Mabry Manor, adds 372 B minus Class units to its portfolio and will be managed by Radco Residential, the company’s proprietary management platform. The purchase price for Mabry Manor was $ 20.1 million, and the company plans to spend upwards of $ 5.2 million on capital improvements to modernize and…
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