$19.0 Million Equity Closing, St. Charles, IL

June 2013

FIDES Capital Partners, LLC (“FIDES”) announces that it has served as the financial advisor on the $19.0 million acquisition of Covington Court Apartments, a 208-unit multifamily community in the Chicago suburb of St. Charles, IL.  FIDES worked on behalf of the acquirer, an affiliate of The RADCO Companies, to source, underwrite and develop the blueprint for the turnaround strategy of the property.  “This acquisition coupled with the Brittany acquisition in Geneva, which we were also involved with, gives RADCO an excellent market presence that will allow them to efficiently and effectively operatie and rebrand the two properties.” said Gregg Handrich of FIDES.