NEW YORK, NY – New York-based family offices, Beitel Group and the Scharf Group have acquired 1,918 multifamily units for the purchase price of $325 million.
The units are located across Virginia, Kentucky, Wisconsin and Missouri.
The joint-venture partners plan to upgrade and enhance the properties in order to attain an increased rent premium.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
