The RADCO Cos. pays $131m for luxury high-rise multifamily building in Atlanta
The RADCO Cos. has acquired Skyhouse Midtown, a 320-unit, 23-story luxury high-rise multifamily building in Midtown Atlanta, for $131 million.
The deal marks the first high-rise multifamily building RADCO has acquired in its current investment cycle and complements the firm’s existing portfolio of multifamily and commercial real estate. The property has been renamed “The M by Radius.” Radius is RADCO’s highest brand and joins nearby Radius West Midtown to bolster the company’s in-town presence. RADCO previously owned the 53-story Four Seasons hotel, office and residential tower just blocks away from The M by Radius.
Built in 2013, the newly branded The M by Radius was one of the first buildings constructed in Atlanta coming out of the Great Recession. The property offers a prime location at the corner of West Peachtree and 12th Street, the new epicenter of the city, with offices, retail and entertainment nearby. The ground floor includes 8,658 square feet of