The RADCO Cos. has sold Radius West Ashley in Charleston, South Carolina, along with two other multifamily communities to Braden Fellman Group.
Courtesy The RADCO Cos. The RADCO Cos. has sold Radius West Ashley in Charleston, South Carolina, along with two other multifamily communities to Braden Fellman Group.

The RADCO Cos. has sold a three-property, 498-unit multifamily portfolio in Charleston, South Carolina, to Braden Fellman Group for $76 million. The deal marks the 84th transaction for RADCO, an opportunistic real estate developer, during the current real estate cycle, bringing its total transaction volume to more than $3.04 billion in sales.

“Once again, I am proud of the remarkable accomplishments of the RADCO team in stabilizing and improving these incredibly well-located older communities,” said CEO Norman Radow. “With these sales we begin our journey to reach $4 billion in completed transactions in this cycle alone.”

The portfolio sale includes the 139-unit Ashford Palmetto Square and the 161-unit Ashford Riverview, both acquired by RADCO in 2018; and the 198-unit Radius West Ashley, acquired in 2017.

Located in Central Charleston, Ashford Palmetto Square features one- and two-bedroom floor plans along with a wealth of community amenities, including a pool with a sundeck, a community garden, fire pits, a pet-friendly bark park, laundry facilities, Amazon package lockers, and a barbecue picnic area.

Ashford Riverview is located in the heart of West Ashley on the Ashley River. It includes one-, two-, and three-bedroom floor plans with landscaped courtyards, a pool with a sundeck, a bark park, a fitness center, a business center, barbecue and picnic areas, and laundry facilities.

Radius West Ashley is just minutes from downtown Charleston, the College of Charleston, and the MUSC University Medical Center. The pet-friendly community offers one-, two-, and three-bedroom floor plans. Amenities include a clubhouse, a business center, a resort-style pool, Wi-Fi in the clubhouse, a state-of-the-art fitness center, and laundry facilities.

Based in Atlanta, RADCO has acquired and invested in approximately 30,000 multifamily units in 15 markets.