Radco Cos Acquires The Newport Villas Apartments in Tampa


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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