THE RADCO COMPANIES BUYS PARC BELMAR APARTMENT COMMUNITY IN LAKEWOOD

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LAKEWOOD, COLO. – The Radco Companies has acquired Parc Belmar in Lakewood for $95 million. The community is located at 7301 W. Ohio Ave. Michael Hartman and Alex Lacher of Reznick Capital Markets Securities arranged a $13.5-million preferred equity investment from Related Fund Management of New York for this acquisition. Radco plans to reposition this property. It has already been rebranded as Ashford Belmar.

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