The RADCO Cos. Acquires Reflections Apartments in Casselberry, Florida
Cushman & Wakefield secured $31.7 million in financing on behalf of The RADCO Cos. for the acquisition of Reflections Apartments, located in Casselberry, Florida. Mike Ryan, Brian Linnihan, Richard Henry, Robert Kaplan and Chris Lentz of Cushman & Wakefield’s Equity, Debt & Structured Finance practice secured the 70 percent LTV, floating-rate bank loan. Jay Ballard and Ken Delvillar of Cushman & Wakefield represented the seller, GoldOller Real Estate Investments, in the investment-sale transaction.
The 336-unit Reflections Apartments was built in 1984. Amenities include a clubhouse, swimming pool, barbecue area, covered parking, playground, state-of-the-art fitness center, complimentary fitness classes, business center and 24/7 clothes care center. The transaction marks The RADCO Cos. seventh property acquisition in Florida, and the company plans to spend nearly $5 million in capital improvements. It has already renamed the property Radius Winter Park.
In the last five years, Cushman & Wakefield’s Equity, Debt & Structured Finance practice has financed over deals 200 deals valued at over $28 billion. For more information on Cushman & Wakefield’s Equity, Debt & Structured Finance Practice, visit our website.
About Cushman & Wakefield
Cushman & Wakefield is a leading global real estate services firm that helps clients transform the way people work, shop, and live. Our 45,000 employees in more than 70 countries help occupiers and investors optimize the value of their real estate by combining our global perspective and deep local knowledge with an impressive platform of real estate solutions. Cushman & Wakefield is among the largest commercial real estate services firms with revenue of $6 billion across core services of agency leasing, asset services, capital markets, facility services (C&W Services), global occupier services, investment & asset management (DTZ Investors), project & development services, tenant representation, and valuation & advisory. 2017 marks the 100-year anniversary of the Cushman & Wakefield brand. 100 years of taking our clients’ ideas and putting them into action. To learn more, visit www.cushwakecentennial.com, www.cushmanwakefield.com or follow @CushWake on Twitter.