Two NY Based Single Family Offices Acquired Brookfield Apartments

Besyata Investment Group and The Scharf Group Acquired Brookfield Apartment Homes in Virginia Beach, VA

This Monday the two NY based single-family offices acquired the apartment homes in Virginia Beach, VA for $37.75 Million.

10/15/2018

Summary

The Brookfield Apartment Homes are located in the fast-growing Virginia Beach Submarket. Besyata and Scharf plan to gradually renovate the units and the common areas to compete with neighboring properties.  The apartment community has 352 units and offers the most comprehensive amenity packages.   

• Brookfield Apartment Homes has immediate proximity to Level Green Park which offers tennis courts and baseball fields. 
• The community is located near the intersection of the Virginia Beach, Norfolk, and Chesapeake submarkets. 
• This complex also has immediate access to I-64. 

Besyata Investment Group

Besyata Investment Group is a single-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

The Scharf Group is a fourth generation family office; owner, developer, and operator of a broad portfolio of commercial, multifamily, healthcare & senior housing properties nationwide.