The RADCO Companies (RADCO), one of the nation’s leading opportunistic real estate developers, announces the sale of City Park Clearwater, a 228-unit multifamily apartment community in Clearwater, FL, to Greystar. The transaction marks the sixth successful property sale for RADCO during this real estate cycle with total sales of $1.88 billion.

Newmark Knight Frank Vice Chairman Patrick Dufour, Directors Ryan Crowley and Andrew Visnick, and Associate Pibu Aulakh represented RADCO in the disposition. Matt Greer and Andrew Wilson of Newmark Knight Frank’s Debt & Structured Finance group arranged financing for the acquisition for Greystar.

The pet-friendly community features a mix of one- two- and three-bedroom apartments with open floorplans, oversized living areas and chef inspired kitchens. City Park Clearwater offers huge menu of amenities that include a beautiful pool, putting greens, pet parks and multiple playgrounds.

City Park Clearwater is conveniently located near the intersection of Highway 19 and SR-60 and provides easy access to Tampa Bay and Clearwater Beach. The property is also close to a variety of dining, entertainment and recreational activities.

“We’re pleased with the execution of our business plan for the transformation of City Park Clearwater,” said Norman Radow, founder and CEO of RADCO. “We are delighted by the improvements and value we have added to the community during our ownership and sold it to one of our favorite buyers, Greystar. This successful transaction is another demonstration of RADCO’s value-added real estate strategy and investment expertise.”