Leading national multifamily developer sells transformed 296-unit asset for $32 Million

The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Radius Mountain Creek, a 296-unit apartment complex in Chattanooga, TN for $32,000,000. A real estate fund managed by Covenant Capital Group, LLC was the buyer and CBRE brokered the transaction.

“Radius Mountain Creek was one of the most exciting community transformations RADCO has undertaken,” said Norman Radow, CEO of the RADCO Companies. “It earned us a great local reputation as we wiped away nearly 50 years of bad architecture and created a modern clean look, with state-of-the-art amenities on an absolutely beautiful campus.”

About Radius Mountain Creek

The Radius Mountain Creek apartment complex, located at 936 Mountain Creek Road in Chattanooga, blends modern living with vintage charm. The amenity package includes a stone grilling station and outdoor fireplace adjacent to the pool and sundeck. The property’s attractive and contemporary building exteriors are nestled in sweeping landscaped grounds and residents enjoy a pet park, tennis courts, fitness center and playground. The property enjoys picturesque views of Signal Mountain and the nearby Tennessee River provides many recreational opportunities. Its proximity to I-27 means that downtown Chattanooga, and all that it offers, is just minutes away.