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RADCO Acquires 278-Unit Apartment Community in Houston

RADCO plans to spend about $14,500 per unit in capital improvements to City Gate at Champions in Houston.

RADCO plans to spend about $14,500 per unit in capital improvements to City Gate at Champions in Houston.

HOUSTON — The RADCO Cos. has acquired City Gate at Champions, a 278-unit, Class B apartment community situated on 10.6 acres at 12811 Greenwood Forest Drive in Houston. Built in 1978, the property consists of 27 two-story buildings with units averaging 874 square feet each. Amenities include a pool, picnic and grilling area and community clubhouse. The seller and other terms of sale were not disclosed. Atlanta-based RADCO plans to spend approximately $14,500 per unit on capital improvements. BBVA Compass provided debt and capital for the acquisition.

 

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