CHICAGO, IL – Beitel Group and the Scharf Group have acquired a 720-unit multifamily property within the Chicago metropolitan area for $110 million.
The New York-based companies plan to upgrade and enhance the property in effort to achieve an increased rent premium.
The planned improvements for the property include added amenities, such as a new business center, a state-of-the-art fitness center, a clubhouse and a leasing office.
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Ingrid Tunberg
Ingrid Tunberg sits on the editorial team as a coordinator and reporter for Real Estate Forum and GlobeSt.com. She is responsible for writing stories, assisting with industry awards and marketing nomination events. Previously, Ingrid worked as a copywriter across various industries throughout New York City and Chicago.
