The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announced the sale of Ashford Indian Trail, a 467-unit apartment community located at 1100 Indian Trail Lilburn Road NW, in Norcross, GA. The property was sold to TruAmerica for $71,250,000.
The transaction marks the 69th successful multifamily property disposition for RADCO during this real estate cycle representing nearly $2.2 billion in sales. A CBRE team comprised of Shea Campbell, Colleen Hendrix, and Ashish Cholia brokered the sale.
“RADCO took an aging, problematic property and during the last three years turned it into a modern, vibrant, and safe community,” said Norman Radow, CEO of the RADCO Companies. “We sold the property to a quality company that we believe will do a wonderful job continuing to improve this community.”
The Ashford Indian Trail community is comprised of one, two, and three-bedroom floor plans, offering an open concept living, private patios and full-size washer dyer connections. The on-site recreational facilities at the property include a resort style pool with sun deck, picnic and BBQ areas, sand volleyball, playground, fitness center and a pet park. The property also offers high-speed internet access in units and a Luxer package system for secure deliveries.
The property is located just a few miles north of Atlanta in Norcross, GA with quick access to nearby I-85 and I-285. The area offers nearby fine dining and high-end shopping at The Forum and Sugarloaf Mills malls.