Beitel Group and The Scharf Group Acquired a Multifamily Complex Portfolio of 870 Units in St. Charles, MO and Ft. Wayne, IN

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NEW YORK–(BUSINESS WIRE)–Beitel Group and The Scharf Group, both NY-based single-family offices, have acquired a multifamily complex portfolio of 870 units in St. Charles, MO and Ft. Wayne, IN for a purchase price of $135 Million.


Beitel Group

A NY-based family office focused on the acquisition and development of multifamily and commercial properties nationwide while pursuing a value-add strategy. Beitel currently owns and operates a multifamily portfolio spanning nine states, consisting of 8,000+ units.

The Scharf Group

A NY-based fourth generation family office; owner, developer, and operator of a large portfolio of commercial, multifamily, healthcare & senior housing properties nationwide.

Contacts

Beitel Group

Hannah Newman, 718-977-5666

hnewman@beitel.com
or

Scharf Group

Oren Souli, 718-837-7700

oren@thescharfgroup.com