Beitel Group Acquired a Portfolio of 966 Multifamily Units in St. Charles, MO and Ft. Wayne, IN
Beitel Group procured a portfolio of 966 multifamily units in St. Charles, MO and Ft. Wayne, IN for an acquisition price of $135 Million.
Properties: Villages of Bogey Hills, St. Charles, MO Villages of Bogey Hills is a 486-unit debut garden-style and townhome community built in 1985 and located in St. Charles, Missouri, which remains to be one of the fastest-growing counties in the United States.
The property views and joins Bogey Hills Country Club voted the #1 country club in St. Charles. Bogey Hills also joins the two of the biggest grocery chains in St. Louis, plus restaurants, home improvement stores, pharmacies, and medical facilities.
Lindenwood University and Old Town St. Charles Riverfront, a famous entertainment district, are located 1.5 miles from Villages of Bogey Hills.
Woodbridge Apartments, Ft. Wayne, IN Woodbridge is a 450-unit apartment community established in Fort Wayne’s popular northern suburb.
Woodbridge is placed directly on Fort Wayne’s popular River Greenway, which extends miles of walking, biking, hiking and gives connectivity to the city’s best parks and trailways.
The top three employers in Fort Wayne are two great healthcare networks, Parkview and Lutheran, followed by the Fort Wayne Community Schools, all of which are near to Woodridge.
Beitel Group: A NY-based family office centred on the acquisition and expansion of multifamily and commercial properties nationwide while seeking a value-add strategy. Beitel currently owns and operates a multifamily portfolio spanning nine states, consisting of 8,000+ units.