NYC family offices acquire 700-unit multifamily complex in Atlanta

Besyata Investment Group and The Scharf Group, both New York–based single-family offices, have acquired a 700-unit multifamily complex in Atlanta. A sales price was not disclosed.

Besyata Investment Group is 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 more than 5,000 units.

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