December 16, 2017 3:02 PM ET

Real Estate Management and Development

Company Overview of The Scharf Group

Company Overview

The Scharf Group owns, develops, and operates portfolio of commercial, retail, residential, and healthcare and senior housing properties nationwide. The company is based in New York, New York.

New York, NY 

United States

Key Executives for The Scharf Group

The Scharf Group does not have any Key Executives recorded.

The Scharf Group Key Developments

Besyata Investment Group and The Scharf Group Acquires 675-Unit Washington D.C. Metro Multifamily Portfolio

Besyata Investment Group and The Scharf Group have acquired Arbor Vista in Washington D.C. metro for a purchase price of $90 million. BH Management, Besyata’s long-standing partner and leading property manager of 70,000 apartments in 23 states, will oversee the day-to-day property management and leasing. Arbor Vista, Sienna Creek, and Sienna Gardens, together a 675-unit 1960-vintage garden style multifamily apartment complex in Adelphi, M.D., offers superior amenities, including a pool, playgrounds, community, fitness and business centers, laundry, and soccer field. The community bene?ts from a convenient inside-the-beltway location within a few-minute drive from major roadways I-495 and I-95, allowing for an easy commute to downtown D.C., University of Maryland, The Mall at Prince George’s, and throughout the entire metro area. Besyata and Scharf Group plan to add value to the communities by creative modernization of the amenities and gradual unit renovations. The property will benefit from strong market fundamentals and organic rent growth. Besyata believes that investing in value-add class B multifamily transactions in well-positioned class B suburbia presents a prime opportunity to generate attractive risk-adjusted returns in the multifamily space.

Besyata Investment Group and The Scharf Group Acquire an Atlanta-Louisville 1,033-Unit Multifamily Portfolio for $74 Million

Besyata Investment Group and The Scharf Group along with their partners, Pensam Residential and BH Equities, have acquired Park at Hurstbourne and Woodcrest Village for a purchase price of $74 million. BH Management will oversee the day-to-day property management and leasing for both assets. Louisville Property: Park at Hurstbourne, a 689-unit 1972-vintage garden style multifamily apartment complex, resides on 44 acres in Louisville, KY. The property offers superior amenities, including an indoor pool, basketball court, two clubhouses, and a daycare. Atlanta Property: Woodcrest Village, a 344-unit 1990-vintage garden style multifamily apartment complex, which has undergone a complete exterior transformation, resides on 34 acres in Lithonia, GA. The property is in a nearby suburb of Atlanta in an expanding medical and distribution center with access to 500,000+ jobs in a 15-mile radius.

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Recent Private Companies Transactions

August 2, 2017
Arbor Vista and Sienna Creek and Sienna Gardens
March 21, 2017
Park At Hurstbourne and Woodcrest Village

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