Besyata Investment Group and The Scharf Group, Both NY-Based Single-Family Offices, Have Acquired Three Rivers Apartments in Fort Wayne, IN for a Purchase Price of $32.25 Million

2019 FEB 18 (NewsRx) -- By a News Reporter-Staff News Editor at Defense & Aerospace Daily -- Besyata Investment Group and The Scharf Group, both NY-based single-family offices, have acquired Three Rivers Apartments in Fort Wayne, IN for a Purchase Price of $32.25 Million.

Another major advantage is Riverfront Fort Wayne, an initiative to revitalize the areas surrounding the St. Mary’s River. Through the addition of parks and myriad public spaces, Fort Wayne residents will have access to amazing amenities and green space with the benefits that come with it. This $20 million-dollar project will include a promenade park, pavilion, elevated boardwalk and dock. 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: https://www.businesswire.com/news/home/20190205005658/en/

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