February 2013

FIDES Capital Partners, LLC (“FIDES”) announces that it has served as the financial advisor on the $28.0 million acquisition of Brittany Court Apartments, a multifamily community in the Chicago suburb of Geneva, IL.  FIDES worked on behalf of the acquirer, an affiliate of The RADCO Companies, to underwrite and develop the turnaround strategy for the property.  FIDES will also assist in the going-forward asset management of the 226-unit Class B property.  “There aren’t many opportunities in the market that offer value day one.  Brittany does not require significant capital, yet provides strong existing cash flow and additional upside that can be achieved through RADCO’s proven operating, re-branding and marketing strategies,” said Greg Longoria of FIDES.