ATLANTA, GA - Multifamily real estate firm Stonemark Management recently added another 1,600 apartment units owned by The RADCO Companies® (“RADCO”) to its management portfolio. The addition of properties in Chicago, Indianapolis, Tulsa, Okla., and Atlanta brings the total number of units Stonemark manages for RADCO to more than 5,700 in 21 multifamily communities.
RADCO, an innovative, rapidly expanding and nationally recognized real estate industry leader, enhances Stonemark’s strategic expansion into the Midwest, while also strengthening its existing footprint in the Southeast. The RADCO portfolio brings the total number of units Stonemark manages for all its clients to approximately 15,000.
“Stonemark is an exceptional multifamily property management firm with an impeccable reputation, which makes them a perfect fit for RADCO’s rapidly expanding portfolio of multifamily communities,” said RADCO founder and CEO Norman J. Radow. “We look forward to continuing to foster and grow our relationship with this outstanding company, which has helped ensure that RADCO’s properties are among the most sought-after in the Atlanta metro area.”
“We work every day to exceed expectations and deliver excellent results for our clients and partners,” said Michael Taylor, CEO of the Stonemark Group. “The fact that RADCO put its trust in us to help increase financial performance in these important properties means a great deal.”
The partnership began in November 2012 when RADCO hired Stonemark to manage rental communities in Atlanta and Lilburn, Ga. Last year, the portfolio grew to include about a dozen more Atlanta-area communities, totaling more than 4,000 RADCO units under Stonemark management. The additional six communities came online in January and February.
About The Stonemark Group
The Stonemark Group focuses on the acquisition, financing, ownership, management and disposition of multifamily real estate investments in the Southeast, Midwest, Oklahoma, Texas and Virginia. The group includes Chicago-based Stonemark Equities and Atlanta-based Stonemark Management. For more information, visit: www.stonemarkmanagementllc.com
About The RADCO Companies
The RADCO Companies® is a nationally recognized real estate industry leader and innovator. Founded in 1994, RADCO initially specialized in acquiring distressed, underperforming and challenging deals, with an emphasis on multifamily, mixed-use, condominiums and highly amenitized for sale housing developments. In 2000, RADCO began to accept workout service opportunities developing a platform that distinguished the company in the last cycle. Today, RADCO is again acquiring properties as a principal, leveraging its turnaround experience in order to outperform the marketplace.