Besyata Investment Group and The Scharf Group Acquire One Dartmouth Place in Denver, CO for a Purchase Price of $65.5 Million

Investment Weekly News

By a News Reporter-Staff News Editor at Investment Weekly News -- Besyata Investment Group and The Scharf Group, both NY-based single family offices, have acquired One Dartmouth Place in Denver, CO for a purchase price of $65.5 million.

Located less than a half mile from the Nine Mile Light Rail Station and I-225, the community benefits from convenient access to metro Denver. The property sits within 20 minutes of roughly 30% of Colorado's GDP, 36M SF of office space, 440,000 employees, and 8 Fortune 1000 companies. It is also within close proximity to some of the region's most popular retail attractions, including Park Meadows Mall - Colorado's largest indoor shopping center. Business Plan By capitalizing on the exterior capital improvement program implemented by previous ownership, Besyata and Scharf plan to add value to the property through gradual unit renovations in addition to amenity/common area enhancements to better compete with properties in the area. Besyata Investment Group A NY-based family office focused on the acquisition and development of multifamily and commercial properties nationwide while pursuing a value-add strategy. Besyata currently owns and operates a multifamily portfolio spanning nine states, consisting of 5,000+ 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. View source version on businesswire.com: http://www.businesswire.com/news/home/20180313006160/en/

Keywords for this news article include: Investment and Finance, Besyata Investment Group.