$16.5 Million Equity Closing, Indianapolis, IN

July 2013

FIDES Capital Partners, LLC (“FIDES”) announces that it has served as the financial advisor on the $16.5 million acquisition of Lakewood Lodge Apartments, a 454-unit multifamily community in north suburban Indianapolis, IN.  FIDES worked on behalf of the acquirer, an affiliate of The RADCO Companies, to source and develop the initial strategic asset plan to turnaround the property, which was acquired from the Lehman bankruptcy estate.  “This acquisition marks the third deal we have sourced for RADCO.  All said, about $65 million of deals within 6 months.” said Gregg Handrich of FIDES.