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Beitel Group and The Scharf Group, both NY-based single-family offices, sold The Park at Hurstbourne, a 689-unit apartment complex in Louisville, Kentucky. The investment achieved an IRR of 26.66% and an equity multiple of 2.3x for the investors.
Beitel Group and The Scharf Group Sold a 689 Unit Apartment Complex in Louisville, KY (Photo: Business Wire)
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 10,000+ 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.